Cowen and Company Increases Aetna Price Target to $87.00 (AET)
Equities researchers at Cowen and Company raised their price objective on shares of Aetna (NYSE:AET) from $76.00 to $87.00 in a research report issued on Friday. Cowen and Company’s price target would indicate a potential upside of 12.19% from the company’s current price.
In other Aetna news, Director Franklin Barbara Hackman unloaded 2,665 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $77.26, for a total transaction of $205,897.90. The sale was disclosed in a document filed with the SEC, which is available at this link.
Aetna (NYSE:AET) traded up 0.47% on Friday, hitting $77.55. The stock had a trading volume of 1,766,932 shares. Aetna has a 52 week low of $57.72 and a 52 week high of $77.70. The stock has a 50-day moving average of $72.91 and a 200-day moving average of $70.39. The company has a market cap of $27.716 billion and a P/E ratio of 13.59.
Aetna (NYSE:AET) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.98 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.50 earnings per share. Aetna’s revenue was up 46.9% compared to the same quarter last year. On average, analysts predict that Aetna will post $6.51 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Aetna in a research note on Tuesday, May 13th. They now have a $83.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Aetna in a research note on Friday, April 25th. They now have a $77.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Aetna from $80.00 to $87.00 in a research note on Friday, April 25th. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.72.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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