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Health Net (NYSE:HNT)’s share price reached a new 52-week high on Monday , Analyst Ratings Network.com reports. The stock traded as high as $40.58 and last traded at $40.00, with a volume of 316,802 shares changing hands. The stock had previously closed at $40.01.

HNT has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Health Net in a research note on Tuesday, June 3rd. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at BMO Capital Markets raised their price target on shares of Health Net from $35.00 to $38.00 in a research note on Wednesday, May 14th. They now have a “market perform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Health Net in a research note on Tuesday, May 13th. They now have a $37.00 price target on the stock, up previously from $33.00. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $39.75.

The stock’s 50-day moving average is $37.20 and its 200-day moving average is $33.17. The company has a market cap of $3.179 billion and a price-to-earnings ratio of 21.52.

Health Net (NYSE:HNT) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.62 earnings per share. Health Net’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Health Net will post $2.32 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.

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