Aetna PT Lowered to $71.00 (AET)
Equities researchers at JPMorgan Chase & Co. decreased their target price on shares of Aetna (NYSE:AET) from $74.00 to $71.00 in a research report issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 14.29% from the company’s current price.
Shares of Aetna (NYSE:AET) traded up 2.26% on Wednesday, hitting $62.12. The stock had a trading volume of 4,453,721 shares. Aetna has a one year low of $38.43 and a one year high of $68.49. The stock has a 50-day moving average of $63.94 and a 200-day moving average of $59.1. The company has a market cap of $23.115 billion and a P/E ratio of 12.11.
Aetna (NYSE:AET) last released its earnings data on Tuesday, October 29th. The company reported $1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.53. The company had revenue of $12.99 billion for the quarter, compared to the consensus estimate of $12.89 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. On average, analysts predict that Aetna will post $5.89 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of Aetna from $79.00 to $73.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Aetna from $78.00 to $75.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Aetna to $70.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.50.
Aetna Inc (NYSE:AET) is a diversified healthcare benefits company.
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