Morningstar Gives “BBB” Credit Rating to Aetna (AET)
Aetna (NYSE:AET) has earned a “BBB” credit rating from Morningstar. The credit rating agency’s “BBB” rating suggests that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.
A number of other firms have also recently commented on AET. Analysts at Goldman Sachs downgraded shares of Aetna from a “buy” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $88.00 price target on the stock, down previously from $94.00. Separately, analysts at Leerink Swann raised their price target on shares of Aetna from $83.00 to $90.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Aetna in a research note on Wednesday, July 30th. They now have a $95.00 price target on the stock, up previously from $87.00. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.00.
Shares of Aetna (NYSE:AET) traded up 0.26% during mid-day trading on Monday, hitting $82.13. The stock had a trading volume of 2,612,623 shares. Aetna has a 52-week low of $60.32 and a 52-week high of $85.72. The stock has a 50-day moving average of $80.31 and a 200-day moving average of $76.33. The company has a market cap of $29.123 billion and a price-to-earnings ratio of 14.32.
Aetna (NYSE:AET) last released its earnings data on Tuesday, July 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $13.98 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts expect that Aetna will post $6.58 EPS for the current fiscal year.
Aetna Inc (NYSE:AET), is a diversified healthcare benefits company.
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