Company Update: Aetna Inc (NYSE:AET) – Aetna Announces Appearance at 34th Annual J.P. Morgan Healthcare Conference

[Business Wire] – Aetna announced today that Mark T. Bertolini, chairman and CEO, is scheduled to make a presentation at the 34th annual J.P. Morgan Healthcare Conference on Jan. 12, 2016, in San Francisco. Read more on this. Aetna Inc. (AET) , currently valued at $38.63B, opened this morning at $109.73. Today’s price range has been between $109.20 and $111.20 per share and has traded between $87.48 and $134.40 over the past year. AET shares are currently priced at 14.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.20x forward p/e ratio. And for income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 0.92%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $1.21 per share, which would be $0.01 worse than the year-ago quarter and a $0.11 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $7.54, which would be a $0.84 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.95 Billion. If reported, that would be a 1.22% increase over the year-ago quarter. More recently, Cantor Fitzgerald upgraded AET from Hold to Buy (Sep 18, 2015). Previously, JP Morgan Initiated AET at to Overweight. Given all the information above, we should disclose to readers that the average price target is $139.47, which is 27.10% above than it opened this morning. See more in (NYSE:AET) Similar Articles: Company Update: CVS Caremark Corporation (NYSE:CVS) – CVS Health To Present At The 34th Annual J.P. Morgan Healthcare Conference Company Update (NYSE:AET): Aetna Announces Appearance at Morgan Stanley Global Healthcare Conference Company Update (NYSE:CI): Cigna Corporation Announces Appearance at the Morgan Stanley Global Healthcare Conference