Health Net Given Consensus Rating of “Hold” by Analysts (NYSE:HNT)
Health Net (NYSE:HNT) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, ARN reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.75.
HNT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Health Net from a “neutral” rating to an “outperform” rating in a research note on Friday, August 29th. They now have a $56.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Health Net from $37.00 to $45.00 in a research note on Thursday, August 28th. Finally, 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.
Shares of Health Net (NYSE:HNT) opened at 46.61 on Thursday. Health Net has a 52 week low of $25.40 and a 52 week high of $47.45. The stock has a 50-day moving average of $43.61 and a 200-day moving average of $38.50. The company has a market cap of $3.743 billion and a P/E ratio of 15.89.
Health Net (NYSE:HNT) last announced its earnings results on Wednesday, August 6th. The company reported $1.49 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.52 earnings per share. Health Net’s revenue was up 24.9% compared to the same quarter last year. On average, analysts predict that Health Net will post $2.30 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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