Health Net Receives Buy Rating from Jefferies Group (HNT)
Health Net (NYSE:HNT)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a $43.00 target price on the stock. Jefferies Group’s price objective points to a potential upside of 36.42% from the company’s current price.
A number of other firms have also recently commented on HNT. Analysts at JPMorgan Chase & Co. raised their price target on shares of Health Net (NYSE:HNT) from $30.00 to $33.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Health Net (NYSE:HNT) in a research note to investors on Wednesday, September 18th. They now have a $35.00 price target on the stock. Finally, analysts at Susquehanna upgraded shares of Health Net (NYSE:HNT) from a “neutral” rating to a “positive” rating in a research note to investors on Monday, August 26th. They now have a $40.00 price target on the stock, up previously from $35.00.
One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.42.
Health Net (NYSE:HNT) traded up 0.70% during mid-day trading on Tuesday, hitting $31.52. The stock had a trading volume of 958,426 shares. Health Net has a 52-week low of $21.09 and a 52-week high of $33.90. The stock has a 50-day moving average of $31.16 and a 200-day moving average of $30.5. The company has a market cap of $2.503 billion and a P/E ratio of 23.52.
Health Net (NYSE:HNT) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that Health Net will post $2.26 earnings per share for the current fiscal year.
Health Net, Inc is a managed care company that delivers managed health care services through health plans and government-sponsored managed care plans.
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