Company Update: Aetna Inc (NYSE:AET) – Aetna and Providence Health & Services Announce a New Product-Based Accountable Care Collaboration in Los Angeles County

[Business Wire] – Aetna and Providence Health & Services, the second largest health care delivery system in Los Angeles, today announced an accountable care collaboration and the introduction of the Aetna Whole Health℠ – Providence Health & Services product in Los Angeles County. Read more on this. Aetna Inc. (AET) , with a current market cap of $38.79B, opened at $110.40. Looking at the equity, the company’s one day range is $109.44 to $111.12 with a trailing 52-week range being $92.42 to $134.40. AET shares are currently priced at 13.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.95x earnings multiple for the same period. And for income investors, the company pays shareholders $1.00 per share annually in dividends, yielding 0.93%. According to a consensus of 20 analysts, the earnings estimate of $2.12 per share would be $0.07 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.03, which would be a $0.32 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.73 Billion. If realized, that would be a 3.97% 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 $139.20, which is 26.09% above where the stock opened. See more in (NYSE:AET) Similar Articles: Market Update (NYSE:AET): Meritain Health Enters Accountable Care Collaboration with Banner Health Network and Aetna Whole Health Market Update: Aetna Inc (NYSE:AET) – Aetna and Mount Sinai Health Partners Create Accountable Care Organization Alliance Company Update (NYSE:AET): Aetna Signs Accountable Care Arrangement with Delaware Valley Accountable Care Organization
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