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Health Net (NYSE:HNT) reached a new 52-week high during mid-day trading on Tuesday after Leerink Swann raised their price target on the stock from $37.00 to $45.00, Stock Ratings Network reports. The stock traded as high as $43.41 and last traded at $42.90, with a volume of 774,581 shares. The stock had previously closed at $41.54.

Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee initiated coverage on shares of Health Net in a research note on Friday. They set a “buy” rating and a $60.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of Health Net from $45.00 to $50.00 in a research note on Wednesday, June 25th. They now have a “positive” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $42.31.

The stock has a 50-day moving average of $40.06 and a 200-day moving average of $34.45. The company has a market cap of $3.454 billion and a P/E ratio of 22.35.

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. 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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