Aetna (AET) : The consensus on Aetna (AET) based on 18 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Aetna (AET) : The highest level Aetna (AET) is projected to reach is $163 for the short term and the lowest estimate is at $80. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $136.21 and the possibility the share price can swing is $19.44.
Aetna (NYSE:AET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $119.24 and $119.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $121.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $120.24, notching a gain of 0.45% for the day. The total traded volume was 1,906,143 . The stock had closed at $119.70 on the previous day.
Also, Bernstein initiates coverage on Aetna (NYSE:AET). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on June 16, 2016. The company shares have rallied 6.24% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $125.47 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $117.68 and the 200 Day Moving Average price is recorded at $111.04.
Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional, voluntary and consumer-directed health insurance products and related services. The Companys operations are conducted in three business segments: Health Care, Group Insurance and Large Case Pensions. The Companys Health Care segment includes medical, pharmacy benefit management services, dental, behavioral health and vision plans. The Companys Group Insurance segments products consist primarily of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Companys Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Companys customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, Governmental units, Government-sponsored plans, labor groups and expatriates.