Market Update: Aetna Inc (NYSE:AET) – Aetna Executive to Participate in Bank of America Merrill Lynch 2016 Health Care Conference

[Business Wire] – Aetna announced today that Shawn M. Guertin, executive vice president and chief financial officer, is scheduled to present at the Bank of America Merrill Lynch 2016 Health Care Conference on Wednesday, May 11 at 4:40 p.m. Read more on this. Aetna Inc. (AET) , with a current value of $39.88B, started trading this morning at $113.05. Looking at today’s trading action, the company’s one day range from $112.30 to $113.97 and has traded between $92.42 and $134.40 over the past 12 months. AET shares are currently priced at 14.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.12x forward p/e ratio. The company pays shareholders $1.00 per share in dividend income per year, for a current yield of 0.89%. According to a consensus of 20 analysts, the earnings estimate of $2.11 per share would be $0.06 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $8.01 is a $0.30 improvement 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 $15.72 Billion. If realized, that would be a 3.90% increase over the year-ago quarter. More recently, Jefferies downgraded AET from Buy to Hold (Jan 8, 2016). Previously, Cantor Fitzgerald upgraded AET from Hold to Buy. Investors should keep in mind is that the average price target is $139.20, which is 23.13% above where the stock opened this morning. See more in (NYSE:AET) Similar Articles: Company Update (NYSE:SYK): Stryker to participate in Bank of America Merrill Lynch 2016 Health Care Conference Market Update (NYSE:AET): Meritain Health Enters Accountable Care Collaboration with Banner Health Network and Aetna Whole Health Stock Update: Aetna Inc (NYSE:AET) – Aetna Announces Executive Appearance at Upcoming Barclays Global Healthcare Conference 2016
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