Aetna Price Target Increased to $95.00 by Analysts at Susquehanna (AET)
Research analysts at Susquehanna upped their target price on shares of Aetna (NYSE:AET) from $90.00 to $95.00 in a report released on Monday. Susquehanna’s price target points to a potential upside of 15.63% from the stock’s previous close.
Aetna (NYSE:AET) traded up 0.67% on Monday, hitting $82.16. The stock had a trading volume of 1,659,613 shares. Aetna has a 1-year low of $60.32 and a 1-year high of $83.71. The stock’s 50-day moving average is $80.40 and its 200-day moving average is $73.58. The company has a market cap of $29.364 billion and a price-to-earnings ratio of 14.37.
Aetna (NYSE:AET) last posted its quarterly earnings results 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 $6.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, July 8th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Aetna in a research note on Thursday. They now have a $94.00 price target on the stock, up previously from $89.00. Separately, analysts at Sterne Agee initiated coverage on shares of Aetna in a research note on Friday, June 27th. They set a “neutral” rating and a $87.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Aetna in a research note on Thursday, June 19th. They now have a $85.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $81.61.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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