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Analysts at Cowen and Company lifted their price objective on shares of Health Net (NYSE:HNT) from $37.00 to $45.00 in a research report issued to clients and investors on Thursday. Cowen and Company’s target price points to a potential downside of 2.68% from the company’s current price.

Shares of Health Net (NYSE:HNT) traded up 1.21% on Thursday, hitting $46.80. The stock had a trading volume of 603,923 shares. Health Net has a 52-week low of $25.40 and a 52-week high of $46.34. The stock has a 50-day moving average of $43.1 and a 200-day moving average of $38.03. The company has a market cap of $3.758 billion and a price-to-earnings ratio of 15.77.

Health Net (NYSE:HNT) last announced its earnings results on Wednesday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.89. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts expect that Health Net will post $2.30 EPS for the current fiscal year.

A number of other firms have also recently commented on HNT. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Health Net in a research note on Thursday, August 7th. They now have a $42.00 price target on the stock, up previously from $41.00. Separately, analysts at Jefferies Group upgraded shares of Health Net from an “underperform” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $59.00 price target on the stock, up previously from $33.00. Finally, analysts at Bank of America upgraded shares of Health Net from an “underperform” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $59.00 price target on the stock, up previously from $33.00. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.83.

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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