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Pro: this stock at its all-time high still has further upside

Shares of UnitedHealth Group Inc (NYSE: UNH) struck an all-time high onFriday Still, Chantico Global CHIEF EXECUTIVE OFFICER Gina Sanchez states the stock is not out of juice yet.

UNH is still not really pricey

UNH currently trades at a PE multiple of 30.28. Interestingly, nevertheless, Sanchez does not see the stock as incredibly misestimated. Explaining why on CNBC’s “The Exchange”, she claimed:

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UNH is trading at just a small costs to SPX. From the appraisal point ofview, it’s not incredibly misestimated as well as we do in fact see some upside below. And if we enter into an economic crisis, it’s a great recession-proof stock.

UnitedHealth Group was one of the most rewarding amongst taken care of medical care as well as insurance provider in 2021. It is readied to report its Q1 monetary outcomes on April 14 th

UNH is devoted to development

Sanchez’ statements come greater than a week after the American international claimed it will certainly invest $5.40 billion in cash money to get LHC Group Inc– a Louisiana- based house medical care solutions firm. She kept in mind:

They had actually a held up since their procurement of Charge Healthcare was obstructed by the DOJ. But the brand-new procurement of LHC Group will certainly contribute to its house health and wellness offering. Everything that this firm has been doing has to do with leading as well as fundamental development.

A day previously, UnitedHealth introduced one more $100 million financial investment in budget friendly real estate. The stock has got around 20% in much less than 2 months.

The blog post Pro: this stock at its all-time high still has further upside showed up initially on Invezz.

Source: https://invezz.com/news/2022/04/08/pro-this-stock-at-its-all-time-high-still-has-further-upside/

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