Evercore ISI Group Initiates Coverage on UnitedHealth Group Inc to Buy

Evercore ISI Group Initiates Coverage on UnitedHealth Group Inc(NYSE:UNH). The shares have been rated Buy. The rating by Evercore ISI Group was issued on Sep 23, 2016.

In a different note, On Jul 22, 2016, Argus Research said it Upgrades its rating on UnitedHealth Group Inc. The shares have been rated ‘Buy’ by the firm. On Jul 20, 2016, Barclays said it Maintains its rating on UnitedHealth Group Inc. In the research note, the firm Raises the price-target to $151.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jul 20, 2016, Citigroup said it Maintains its rating on UnitedHealth Group Inc. In the research note, the firm Raises the price-target to $148.00 per share. The shares have been rated ‘Buy’ by the firm.

UnitedHealth Group Inc (UNH) made into the market gainers list on Tuesdays trading session with the shares advancing 0.77% or 1.07 points. Due to strong positive momentum, the stock ended at $140.79, which is also near the day’s high of $140.84. The stock began the session at $139.99 and the volume stood at 30,48,640 shares. The 52-week high of the shares is $144.48 and the 52 week low is $107.51. The company has a current market capitalization of $134,087 M and it has 95,23,91,410 shares in outstanding.

UnitedHealth Group Inc(UNH) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $46.48B. Analysts had an estimated revenue of $45.03B. Earnings per share were $1.96. Analysts had estimated an EPS of $1.89.

Several Insider Transactions has been reported to the SEC. On Sep 9, 2016, Richard T Burke (director) sold 40,000 shares at $135.30 per share price.Also, On Jun 20, 2016, William C Jr Ballard (director) sold 5,000 shares at $138.58 per share price.On Jun 13, 2016, Gail R Wilensky (director) sold 5,500 shares at $139.80 per share price, according to the Form-4 filing with the securities and exchange commission.

UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

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