Humana (HUM): Raising PT On Model Update - Susquehana

November 16, 2016 6:34 AM EST
Get Alerts HUM Hot Sheet
Price: $206.00 -0.05%

Rating Summary:
    10 Buy, 16 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Susquehanna analyst, Chris Rigg, reiterated his Neutral rating on shares of Humana (NYSE: HUM) and increased his price target to $200 after a model update.

The new model reflects 3Q results as well as the company’s updated full-year EPS guidance of “approximately $9.50.” These changes bring 2016 and 2017 EPS estimates to $9.50 and $10.70, from $9.30 and $10.50.

In addition, the analyst raised his price target to $200 from $180 to reflect the updated 2017 EPS estimate as well as a higher multiple due to improved financial performance and improved visibility on 2017 earnings.

For an analyst ratings summary and ratings history on Humana click here. For more ratings news on Humana click here.

Shares of Humana closed at $198.82 yesterday.

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