Aetna Receives “Overweight” Rating from JPMorgan Chase & Co. (AET)
Aetna (NYSE:AET)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $82.00 price objective on the stock, up from their previous price objective of $81.00. JPMorgan Chase & Co.’s price target points to a potential upside of 1.77% from the stock’s previous close.
In other Aetna news, Director Molly Joel Coye sold 1,650 shares of Aetna stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $80.60, for a total transaction of $132,990.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald raised their price target on shares of Aetna from $75.00 to $85.00 in a research note on Monday, June 2nd. They now have a “hold” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Aetna from $76.00 to $87.00 in a research note on Friday, May 30th. Finally, 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. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $80.24.
Shares of Aetna (NYSE:AET) traded down 0.45% on Wednesday, hitting $80.21. The stock had a trading volume of 719,621 shares. Aetna has a 52-week low of $60.32 and a 52-week high of $81.25. The stock’s 50-day moving average is $76.33 and its 200-day moving average is $71.72. The company has a market cap of $28.667 billion and a price-to-earnings ratio of 14.18.
Aetna (NYSE:AET) last released its 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. Analysts expect that Aetna will post $6.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, July 8th.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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