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Health Net (NYSE:HNT) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.04, ARN reports. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company posted $0.36 earnings per share. Health Net’s revenue was down 3.3% compared to the same quarter last year.

Shares of Health Net (NYSE:HNT) opened at 32.75 on Tuesday. Health Net has a one year low of $25.13 and a one year high of $34.76. The stock’s 50-day moving average is $31.38 and its 200-day moving average is $30.72. The company has a market cap of $2.604 billion and a P/E ratio of 16.40.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Health Net in a research note on Monday, January 13th. They now have a $33.00 price target on the stock. On a related note, analysts at Credit Suisse raised their price target on shares of Health Net from $38.00 to $35.00 in a research note on Tuesday, November 19th. They now have a “hold” rating on the stock. Finally, analysts at Leerink Swann initiated coverage on shares of Health Net in a research note on Monday, November 18th. They set a “market perform” rating and a $31.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.85.

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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