Short Term Price Target on Aetna (AET)

Aetna (NYSE:AET) : The highest level Aetna (NYSE: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.

Shares of Aetna Inc. rose by 0.93% in the last five trading days and 5.93% for the last 4 weeks. Aetna Inc. is up 7.65% in the last 3-month period. Year-to-Date the stock performance stands at 13.49%. Also, Bernstein initiates coverage on Aetna (NYSE:AET) . Analysts at the Bernstein have a current rating of Outperform on the shares. The rating by the firm was issued on June 16, 2016.

Aetna (NYSE:AET) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Aetna (NYSE:AET): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $121.77 and $120.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $122.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $122.13, notching a gain of 0.78% for the day. The total traded volume was 3,026,743 . The stock had closed at $121.18 on the previous day.

In an insider trading activity, The officer (EVP, Operations & Technology), of Aetna Inc /Pa/, Mccarthy Margaret M had unloaded 39,169 shares at $114.45 per share in a transaction on May 10, 2016. The total value of transaction was $4,482,892. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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