Aetna (AET) stock is expected to deviate a maximum of $18.04 from the average target price of $135.77 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $152 and the most muted being $80.
Aetna (AET) : 16 analysts are covering Aetna (AET) and their average rating on the stock is 1.97, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Aetna (AET) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Equity analysts at the Brokerage firm Wolfe Research downgrades its rating on Aetna (NYSE:AET). The rating major has initiated the coverage with peer perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 21, 2016.
Aetna (NYSE:AET): The stock opened at $117.44 on Thursday but the bulls could not build on the opening and the stock topped out at $117.61 for the day. The stock traded down to $115.83 during the day, due to lack of any buying support eventually closed down at $116.16 with a loss of -0.82% for the day. The stock had closed at $117.12 on the previous day. The total traded volume was 1,764,834 shares.
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.