financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Maintains Hold Opinion On Shares Of Unitedhealth Group Incorporated
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Maintains Hold Opinion On Shares Of Unitedhealth Group Incorporated
Mar 6, 2024 12:44 PM

03:25 PM EST, 03/06/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $54 to $517, an 18.6x multiple of our 2024 EPS estimate (down by $0.05 to $27.80; we cut our 2025 estimate by $0.13 to $31.36), a premium to managed health care peers but below UNH's historical average. A significant cyberattack on UNH's Change Healthcare business (part of Optum) on February 21 continues to disrupt pharmacies, payments, and claims nationwide. Positively, UNH sees 90% of medical claims uninterrupted and expects to reach 95% next week. UNH also views pharmacy claims near normal volume. HHS released guidance from CMS encouraging workarounds such as removing prior authorizations and using alternative electronic data interchanges (EDI). We have seen shares other health care names like HCA Healthcare (HCA 323 ***) and Henry Schein (HSIC 76 ***) recover from recent cyberattacks, and we ultimately expect UNH to restore full operations. However, we think risks to Optum's 2024 financial results merit some caution on shares until more information is known.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Guide to portfolio loans: Definition, how they work, requirements
Guide to portfolio loans: Definition, how they work, requirements
Feb 25, 2025
Key takeaways A portfolio loan is a type of mortgage that a bank or lender creates and retains -- keeps in its portfolio -- rather than selling in the secondary mortgage market. Portfolio loans sometimes have more flexible credit and financial requirements compared to conforming mortgages, but also tend to come with higher interest rates and upfront costs. Portfolio loans...
What is an inverted yield curve? And why does it matter for you
What is an inverted yield curve? And why does it matter for you
Mar 1, 2025
When policymakers and investors seek economic insight, they often use a tool called the yield curve. A yield curve measures the spread between yields on short- and long-term maturity bonds over time. It's plotted as a line on a graph, and the slope is sometimes used as a forecaster of economic growth. In a normal environment, longer-term bonds have often...
What is a CD (certificate of deposit)?
What is a CD (certificate of deposit)?
Feb 24, 2025
Key takeaways A CD locks in your money for a set period of time (also known as a term) in exchange for providing a guaranteed yield on the funds. CD terms often range from three months to five years, although it's possible to find term lengths shorter or longer than that. When choosing a term, consider when you'll need access...
What is a home equity loan?
What is a home equity loan?
Feb 27, 2025
Key takeaways A home equity loan allows you to borrow a lump sum against your home's equity, usually at a fixed interest rate that's lower than other forms of consumer debt. The amount you can borrow with a home equity loan is based on the current market value of your home, the size of your mortgage and personal financials like...
Copyright 2023-2025 - www.financetom.com All Rights Reserved