Oppenheimer Maintains an 'Outperform' on Humana (HUM); Reducing Numbers After Q2 Report
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Price: $79.52 -0.13%
Rating Summary:
9 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
9 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade HUM Now!
Oppenheimer maintains an 'Outperform' on Humana (NYSE: HUM) price target of $83.00 (from $98.00).
Analyst, Bret Jones, said, "While 2Q12 results were ahead of the company's expectations, it reduced its 2H12 outlook due to lower margins on the rapidly growing new member population ($170M) and higher cost trend across its entire book ($100M). It believes that all but a portion of the higher costs were captured in its FY2013 bids, which were submitted in June. Due to the lower guidance and increased uncertainty, we are lowering our FY2012 (ex-$0.18/share in legal costs) and FY2013 EPS estimates to $7.11 and $7.52 from $7.80 and $8.42."
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 $70.55 yesterday, with a 52 week range of $65.20-$96.46.
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Analyst, Bret Jones, said, "While 2Q12 results were ahead of the company's expectations, it reduced its 2H12 outlook due to lower margins on the rapidly growing new member population ($170M) and higher cost trend across its entire book ($100M). It believes that all but a portion of the higher costs were captured in its FY2013 bids, which were submitted in June. Due to the lower guidance and increased uncertainty, we are lowering our FY2012 (ex-$0.18/share in legal costs) and FY2013 EPS estimates to $7.11 and $7.52 from $7.80 and $8.42."
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 $70.55 yesterday, with a 52 week range of $65.20-$96.46.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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