UnitedHealth (UNH, $222.01) shares get rating downgrade and price target cut from Jefferies
UnitedHealth shares was downgraded by Jefferies, on concerns related to political risks and competition.
Jefferies analyst David Windley lowered his rating on the healthcare company to hold from buy citing "the primary poison in the punch bowl, political risk, won't likely abate for at least another nine months."
Windley also indicated that UnitedHealth faces tough competition from Anthem, especially since the latter's market share is expanding while the two companies' geographies overlap.
The analyst also cut his price target on UnitedHealth shares to $235 a share from $300.
On the other hand, the analyst affirmed buy ratings on Anthem but cut his price target on its stock. He did the same for several other managed-care organizations like Centene, Cigna, Humana and Molina.
UNH sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for UNH moved above the 200-day moving average on July 26, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
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Notable companies
The most notable companies in this group are Unitedhealth Group (NYSE:UNH), Elevance Health (NYSE:ELV), Cigna Group (The) (NYSE:CI), CVS HEALTH Corp (NYSE:CVS), Humana (NYSE:HUM), Centene Corp (NYSE:CNC).
Industry description
Managed healthcare industry focuses on providing health/medical and disability insurance plans, generally intended to reduce the cost of for-profit health care. The insurance products might be provided through employer-paid (fully or partly) insurance and benefit programs, or through Medicare/Medicaid. Some of the largest providers of managed health care include Aetna, Humana Inc., and Cigna, and UnitedHealthcare.
Market Cap
The average market capitalization across the Managed Health Care Industry is 68.32B. The market cap for tickers in the group ranges from 3.42M to 451.47B. UNH holds the highest valuation in this group at 451.47B. The lowest valued company is HRAA at 3.42M.
High and low price notable news
The average weekly price growth across all stocks in the Managed Health Care Industry was 4%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 10%. NEUE experienced the highest price growth at 16%, while ALHC experienced the biggest fall at -6%.
Volume
The average weekly volume growth across all stocks in the Managed Health Care Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was -23%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 41
P/E Growth Rating: 69
Price Growth Rating: 47
SMR Rating: 84
Profit Risk Rating: 65
Seasonality Score: -41 (-100 ... +100)