Aetna Given New $70.00 Price Target at BMO Capital Markets (AET)
Equities research analysts at BMO Capital Markets lowered their target price on shares of Aetna (NYSE:AET) to $70.00 in a research note issued to investors on Wednesday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 11.80% from the company’s current price.
Aetna (NYSE:AET) traded down 0.14% during mid-day trading on Wednesday, hitting $62.61. The stock had a trading volume of 2,475,739 shares. Aetna has a 1-year low of $40.32 and a 1-year high of $69.19. The stock has a 50-day moving average of $64.44 and a 200-day moving average of $62.29. The company has a market cap of $23.297 billion and a price-to-earnings ratio of 13.45.
Aetna (NYSE:AET) last announced its earnings results 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 last year, the company posted $1.55 earnings per share. Aetna’s revenue was up 46.0% compared to the same quarter last year. Analysts expect that Aetna will post $5.87 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Aetna from $72.00 to $79.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna reiterated a “positive” rating on shares of Aetna in a research note to investors on Wednesday, October 9th. They now have a $76.00 price target on the stock, up previously from $74.00. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Aetna in a research note to investors on Friday, September 27th. They now have a $78.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $72.50.
Aetna Inc (NYSE:AET) is a diversified healthcare benefits company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.