Ready to Buy the Dip? UnitedHealth Group Stock Is a Smart Buy
UnitedHealth Group (NYSE: UNH) has seen its shares decline more than 6% so far this year. That may not seem like much of a drop, but for a company as steady as UnitedHealth, that represents a significant dip. The company, which is both a healthcare insurer and healthcare provider, has been the picture of stability, with a beta of just 0.89 (indicating lower than average volatility).
The company is so big that there can be a little confusion among some investors as to its scope. Let's take a closer look and see how to better understand the company.
UnitedHealth operates in two segments -- its insurance side, UnitedHealthcare, and its health services side, Optum Health. The company's size gives it an economy of scale. In the second quarter, it reported revenue of $92.9 billion, up 16% year over year. Both its segments participated in that growth with double-digit revenue increases. UnitedHealth Group also reported earnings per share (EPS) of $5.82, compared to $5.34 in the same period last year.
Source Fool.com
UnitedHealth Group Inc. Stock
With 33 Buy predictions and 1 Sell predictions UnitedHealth Group Inc. is one of the favorites of our community.
With a target price of 543 € there is a slightly positive potential of 17.81% for UnitedHealth Group Inc. compared to the current price of 460.9 €.
