Company Update (NYSE:UNH): UnitedHealthcare and Optum Support People Affected by Floods in Louisiana

[Business Wire] – UnitedHealthcare and Optum, the health benefits and services companies of UnitedHealth Group , are taking immediate action to help people in Louisiana who may be affected by the recent flooding. Read more on this. UnitedHealth Group Incorporated (UNH) , currently valued at $118.93B, opened this morning at $122.47. Looking at today’s trading action, the company’s one day range from $122.25 to $125.32 and has traded between $95.00 and $126.21 over the past year. UnitedHealthcare (UNH) shares are currently priced at 15.79x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.45x earnings multiple for the same period. The company pays shareholders $2.00 per share annually in dividends, yielding 1.64%. Consensus earnings for the current quarter by the 23 sell-side analysts covering the stock is an estimate of $1.72 per share, which would be $0.17 better than the year-ago quarter and a $0.08 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.73 is a $1.28 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $43.84 Billion. If realized, that would be a 22.60% increase over the year-ago quarter. In terms of ratings, Citigroup Initiated UNH at Buy (Oct 2, 2015). Previously, JP Morgan Initiated UNH at to Overweight. Given all the information above, we should disclose to readers that the average price target is $140.79, which is 14.96% above than it opened this morning. See more in (NYSE:UNH) Similar Articles: Company Update (NYSE:UNH): UnitedHealthcare Community Plan Expands Service Area; Now Available in 43 New York Counties Company Update (NYSE:UNH): UnitedHealthcare and Optum Support People Affected by Floods in Illinois Market Update (NYSE:UNH): Saint Francis HealthCare Partners and UnitedHealthcare Collaborate to Improve Patient Care in Connecticut