Stocks to watch on Tuesday: CE, IEX, SONC >>> READ MORE

UNH Looks Like a Healthy Investment

UnitedHealth Group broke out from a consolidation that began in February


UnitedHealth Group (NYSE:UNH) — This diversified health and well-being company provides health care programs, retirement plans, has a life sciences group, and provides health plans to physicians, clinical services, etc. 

Credit Suisse analysts say, “We continue to view United as the best-positioned large-cap managed care plan for where we see the best growth prospects… especially in the shift to Bundled Payments under Medicare.” 

They look for earnings of $4.85 this year compared to $4.73 in 2011, and an increase to $5.60 in 2013. UNH has a dividend yield of 1.17%. 

Technically the stock consolidated in a broad nine-month cup, and then broke from the cup in February at $54. From mid-February until yesterday, it consolidated between $54 and $55. Then yesterday, it broke from $56 to $58.10. 

The trading target for UNH is $65. Longer term, Credit Suisse is predicting an annual target of $72.

Trade of the Day – UnitedHealth Group (NYSE:UNH)
Click to Enlarge

Trade of the Day Chart Key

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC