Positive Sentiment Still Eludes UnitedHealth Group Incorporated (NYSE:UNH) Following 37% Share Price Slump
UnitedHealth Group Incorporated (NYSE:UNH) shares have had a horrible month, losing 37% after a relatively good period beforehand. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 26% share price drop.
Even after such a large drop in price, UnitedHealth Group’s price-to-earnings (or “P/E”) ratio of 15.5x might still make it look like a buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 18x and even P/E’s above 32x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
