Company Update (NYSE:AET): Aetna Signs Accountable Care Arrangement with Delaware Valley Accountable Care Organization

[Business Wire] – Aetna today announced that it has signed an accountable care organization agreement with Delaware Valley Accountable Care Organization , offering commercial customers in Southeastern Pennsylvania a health care model designed to improve quality, efficiency and the patient experience. Read more on this. Aetna Inc. (AET) , valued at $35.57B, started the session at $103.05. Today, shares have traded between $100.93 and $103.25 per share and has traded between $91.83 and $134.40 over the past 12 months. AET shares are currently priced at 12.92x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.03x earnings multiple. And for dividend hunters, the company pays shareholders $1.00 per share annually in dividends, yielding 0.98%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.33 per share, which would be $0.06 worse than the year-ago quarter and a $0.08 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.00 would be a $0.29 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.43 Billion. If realized, that would be a 2.25% increase over the year-ago quarter. Recently, Jefferies downgraded AET from Buy to Hold (Jan 8, 2016). Previously, Cantor Fitzgerald upgraded AET from Hold to Buy. The average price target for AET shares by the analysts covering it is $136.88, which is 32.83% above where the stock opened. See more in (NYSE:AET) Similar Articles: Market Update: Aetna Inc (NYSE:AET) – Aetna Offering Individual Products under Accountable Care Agreements with PinnacleHealth and Valley Preferred Company Update (NYSE:AET): Aetna Signs Accountable Care Arrangements with Mercy Health System, St. Mary Medical Center Stock Update: Aetna Inc (NYSE:AET) – Aetna and MemorialCare Announce New Accountable Care Collaboration in Southern California