Share on StockTwits

Investment analysts at Sterne Agee assumed coverage on shares of Health Net (NYSE:HNT) in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $60.00 price target on the stock. Sterne Agee’s price objective would suggest a potential upside of 47.53% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna raised their price target on shares of Health Net from $45.00 to $50.00 in a research note on Wednesday. They now have a “positive” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $41.69.

Health Net (NYSE:HNT) traded up 2.34% during mid-day trading on Friday, hitting $41.62. 640,125 shares of the company’s stock traded hands. Health Net has a one year low of $25.40 and a one year high of $41.13. The stock’s 50-day moving average is $39.80 and its 200-day moving average is $34.19. The company has a market cap of $3.338 billion and a price-to-earnings ratio of 21.88.

Health Net (NYSE:HNT) last announced its earnings results 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. Analysts expect that Health Net will post $2.32 EPS 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.

The Fly On The Wall

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.