Aetna Trading 6.3% Higher on Earnings Beat (AET)
Aetna (NYSE:AET) traded up 6.3% during trading on Thursday following a stronger than expected earnings report, AR Network reports. The company traded as high as $73.99 and last traded at $73.26, with a volume of 3,300,605 shares changing hands. The stock had previously closed at $68.91.
The company reported $1.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.55 by $0.43. The company had revenue of $13.97 billion for the quarter, compared to the consensus estimate of $13.69 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 46.9% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Aetna from $80.00 to $85.00 in a research note on Thursday, April 10th. They now have a “positive” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Aetna from $76.00 to $84.00 in a research note on Thursday, April 3rd. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Aetna in a research note on Tuesday, April 1st. They now have a $79.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Aetna presently has an average rating of “Buy” and a consensus target price of $77.53.
The stock has a 50-day moving average of $72.89 and a 200-day moving average of $68.46. The company has a market cap of $26.637 billion and a P/E ratio of 12.93.
Aetna Inc (NYSE:AET) is a diversified healthcare benefits company.
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