UBS Raises Price Target, Estimates on Aetna (AET)
UBS analysts raised their price target and earnings estimates on health care benefits provider Aetna Inc (AET) on Tuesday, as they expect that the company’s medical claim trends should continue and that Coventry Health Care synergies should be better than expected.
The analysts see shares of AET reaching $76, which suggests a 10.6% upside to the stock’s Monday closing price of $68.71.
Aetna shares were down 73 cents, or 1.06%, during early morning trading on Tuesday. The stock is up 47.07% year-to-date.
The Bottom Line
Shares of Aetna (AET) offer a dividend yield of 1.17% based on Tuesday’s intraday trading price of $68.52 and the company’s annualized dividend payout of 80 cents per share.
Aetna Inc (AET) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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