Share on StockTwits

Health Net (NYSE:HNT)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, AR Network reports. They currently have a $37.00 price objective on the stock, up from their previous price objective of $33.00. Deutsche Bank’s price objective suggests a potential downside of 4.88% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Leerink Swann reiterated a “market perform” rating on shares of Health Net in a research note on Friday. They now have a $37.00 price target on the stock, up previously from $31.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Health Net in a research note on Friday. They now have a $39.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Health Net in a research note on Thursday, May 8th. They now have a $43.00 price target on the stock, up previously from $35.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Health Net currently has a consensus rating of “Hold” and an average target price of $39.27.

Shares of Health Net (NYSE:HNT) traded up 0.87% on Tuesday, hitting $39.24. 425,878 shares of the company’s stock traded hands. Health Net has a 1-year low of $25.40 and a 1-year high of $39.18. The stock’s 50-day moving average is $33.81 and its 200-day moving average is $31.80. The company has a market cap of $3.131 billion and a P/E ratio of 20.93.

Health Net (NYSE:HNT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Health Net will post $2.27 earnings per share for the current fiscal year.

Health Net, Inc is a managed care company that delivers managed health care services through health plans and government-sponsored managed care plans.

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.