Piper Jaffray Gives Aetna Inc (NYSE:AET) Shareholders a Gift With Today’s Upgrade

April 23, 2018 - By Ellis Scott

Aetna Inc. (NYSE:AET) Logo

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.08, from 0.91 in 2017Q3. It dropped, as 69 investors sold Aetna Inc. shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported.

655 are held by Focused Wealth. Meritage Port has 29,140 shares. Royal Bancorporation Of Canada holds 0.11% in Aetna Inc. (NYSE:AET) or 1.36 million shares. Alliancebernstein Lp owns 3.53M shares. California-based Dowling Yahnke Limited Co has invested 0.1% in Aetna Inc. (NYSE:AET). Hsbc Public stated it has 0.14% in Aetna Inc. (NYSE:AET). Moreover, Putnam Fl Inv Management has 0.97% invested in Aetna Inc. (NYSE:AET). Robeco Institutional Asset Bv stated it has 0.12% of its portfolio in Aetna Inc. (NYSE:AET). 62,000 were accumulated by Alpine Woods Cap Investors Ltd Liability Co. Kemnay Advisory Svcs Inc holds 0.59% in Aetna Inc. (NYSE:AET) or 7,299 shares. Banced invested in 0.93% or 3,122 shares. Janney Montgomery Scott Ltd Liability Corporation holds 0.15% of its portfolio in Aetna Inc. (NYSE:AET) for 79,915 shares. Synovus Fincl has invested 0.03% of its portfolio in Aetna Inc. (NYSE:AET). Lpl Fincl Ltd Com holds 0.03% of its portfolio in Aetna Inc. (NYSE:AET) for 54,771 shares. Teacher Retirement Systems Of Texas accumulated 90,769 shares.

Aetna Inc (NYSE:AET) Stock Upgrade

Piper Jaffray has decided to issue a report indicating that Aetna Inc (NYSE:AET) shares are now a ‘”Buy”‘ in an analyst note sent to investors and clients on Wednesday, 3 January.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.08, from 0.91 in 2017Q3. It dropped, as 69 investors sold Aetna Inc. shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported.

655 are held by Focused Wealth. Meritage Port has 29,140 shares. Royal Bancorporation Of Canada holds 0.11% in Aetna Inc. (NYSE:AET) or 1.36 million shares. Alliancebernstein Lp owns 3.53M shares. California-based Dowling Yahnke Limited Co has invested 0.1% in Aetna Inc. (NYSE:AET). Hsbc Public stated it has 0.14% in Aetna Inc. (NYSE:AET). Moreover, Putnam Fl Inv Management has 0.97% invested in Aetna Inc. (NYSE:AET). Robeco Institutional Asset Bv stated it has 0.12% of its portfolio in Aetna Inc. (NYSE:AET). 62,000 were accumulated by Alpine Woods Cap Investors Ltd Liability Co. Kemnay Advisory Svcs Inc holds 0.59% in Aetna Inc. (NYSE:AET) or 7,299 shares. Banced invested in 0.93% or 3,122 shares. Janney Montgomery Scott Ltd Liability Corporation holds 0.15% of its portfolio in Aetna Inc. (NYSE:AET) for 79,915 shares. Synovus Fincl has invested 0.03% of its portfolio in Aetna Inc. (NYSE:AET). Lpl Fincl Ltd Com holds 0.03% of its portfolio in Aetna Inc. (NYSE:AET) for 54,771 shares. Teacher Retirement Systems Of Texas accumulated 90,769 shares.

Aetna Inc. (NYSE:AET) Ratings Coverage

Among 14 analysts covering Aetna (NYSE:AET), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Aetna has $212.0 highest and $174.0 lowest target. $197.08’s average target is 11.39% above currents $176.92 stock price. Aetna had 21 analyst reports since October 27, 2017 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $185 target in Wednesday, November 1 report. The rating was maintained by RBC Capital Markets with “Buy” on Monday, December 4. The firm has “Buy” rating given on Thursday, November 2 by Citigroup. PiperJaffray upgraded the shares of AET in report on Wednesday, January 3 to “Overweight” rating. Credit Suisse initiated the stock with “Hold” rating in Friday, November 3 report. The stock has “Buy” rating by Piper Jaffray on Tuesday, January 30. The rating was downgraded by Morgan Stanley on Wednesday, December 20 to “Equal-Weight”. As per Friday, October 27, the company rating was maintained by BMO Capital Markets. The stock of Aetna Inc. (NYSE:AET) earned “Hold” rating by Cantor Fitzgerald on Tuesday, October 31. On Thursday, April 12 the stock rating was maintained by Jefferies with “Hold”.

The stock increased 0.28% or $0.49 during the last trading session, reaching $176.92. About 1.67M shares traded. Aetna Inc. (NYSE:AET) has risen 33.34% since April 23, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on May, 1 before the open. They expect $3.00 EPS, up 10.70 % or $0.29 from last year’s $2.71 per share. AET’s profit will be $981.41M for 14.74 P/E if the $3.00 EPS becomes a reality. After $1.25 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts 140.00 % EPS growth.

Aetna Inc. operates as a health care benefits firm in the United States. The company has market cap of $57.88 billion. It operates through three divisions: Health Care, Group Insurance, and Large Case Pensions. It has a 31.15 P/E ratio. The Health Care segment offers medical, pharmacy benefit management service, dental, behavioral health, and vision plans on an insured and employer-funded basis.

Aetna Inc. (NYSE:AET) Ratings Chart

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