2024-05-24 00:10:04 ET
Summary
- During uncertain times like ours, we should invest in wonderful businesses at fair prices (rather than in fair businesses at wonderful prices).
- In the case of UnitedHealth, recent price corrections have created an excellent entry point to buy a wonderful business at some discounts.
- These price corrections are an overreaction to EPS headwinds, which are temporary only in my view.
UNH Stock Is Loved By Wall Street
As contrarian investors, we often bet against Wall Street. However, in the case of UnitedHealth Group ( UNH ) (UNH:CA), we find ourselves in agreement with Wall Street ratings. As you can see from the chart below, the current sentiment on UNH stock is very strong from Wall Street analysts. To wit, Wall Street rates the stock as a STRONG BUY with a score of 4.55. Out of the 27 analysts writing in the last 90 days, 17 recommend Strong Buy and 8 recommend Buy. Only 2 recommend Hold and none recommend Sell or Strong Sell. The ratings from Seeking Alpha analysts are slightly less enthusiastic, but still represent a BUY....
Read the full article on Seeking Alpha
For further details see:
UnitedHealth Group: A Wonderful Business At A Discounted Price