JPMorgan Chase & Co. Increases Aetna Price Target to $74.00 (AET)
Research analysts at JPMorgan Chase & Co. increased their price objective on shares of Aetna (NYSE:AET) from $71.00 to $74.00 in a report released on Tuesday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 14.18% from the company’s current price.
AET has been the subject of a number of other recent research reports. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Aetna (NYSE:AET) in a research note to investors on Tuesday, September 17th. They now have a $65.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Aetna (NYSE:AET) from $73.00 to $76.00 in a research note to investors on Tuesday, September 17th. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. upgraded shares of Aetna (NYSE:AET) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 13th. They now have a $79.00 price target on the stock, up previously from $68.00.
Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Aetna presently has an average rating of “Buy” and an average price target of $72.67.
Aetna (NYSE:AET) traded up 1.11% on Tuesday, hitting $64.81. The stock had a trading volume of 3,029,236 shares. Aetna has a 52 week low of $39.06 and a 52 week high of $69.19. The stock’s 50-day moving average is $64.36 and its 200-day moving average is $60.17. The company has a market cap of $24.116 billion and a P/E ratio of 12.78.
Aetna (NYSE:AET) last announced its earnings results on Tuesday, July 30th. The company reported $1.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.39 by $0.13. The company had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $12.02 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, analysts predict that Aetna will post $5.89 earnings per share for the current fiscal year.
Aetna Inc (NYSE:AET) is a diversified healthcare benefits company.
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