Company Update: Aetna Inc (NYSE:AET) – Aetna Relocating Jacksonville Operations to Southside Boulevard Complex

[Business Wire] – Aetna announced today that it will relocate its downtown Jacksonville operations to a new office at 9000 Southside Boulevard. The move from the 841 Prudential Drive facility will take place in stages beginning in mid-2017. Read more on this. Aetna Inc. (AET) , currently valued at $39.14B, opened this morning at $110.54. During the trading session, AET traded between $110.25 to $111.94 and has traded between $92.42 and $134.40 over the past year. AET shares are currently priced at 13.66x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 8.29x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.00 per share annually in dividends, yielding 0.91%. 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. Investors should also note that the full-year EPS estimate of $8.03 is a $0.32 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.73 Billion. If reported, 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 is $139.20, which is 25.93% above where the stock opened this morning. See more in (NYSE:AET) Similar Articles: Company Update: Aetna Inc (NYSE:AET) – Aetna and Providence Health & Services Announce a New Product-Based Accountable Care Collaboration in Los Angeles County Market Update: Aetna Inc (NYSE:AET) – CoventryCares Medicaid Plan Changes Name to Aetna Better Health of Virginia Company Update: Aetna Inc (NYSE:AET) – Aetna Announces Appearance at 34th Annual J.P. Morgan Healthcare Conference
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