Oppenheimer Adjusts Estimates on Aetna (AET) Following Recent Company Comments
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Price: $62.65 +1.89%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
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Oppenheimer maintains a 'Perform' on Aetna (NYSE: AET) price target of $47.00.
Analyst, Michael Wiederhorn, said, "We are updating our AET model following the company's adjusted language around quarterly EPS trends at a recent competitor investor conference. AET has reiterated FY2012 operating EPS guidance of $5.00, but expects "first half and second half earnings to be more similar than in 2011." The company also continued to note that it expects second-quarter 2012 operating EPS to be lower than the first quarter. As a result, we are slightly tweaking our FY2012 EPS estimate to $4.98 from $5.01."
Wiederhorn also lowers Q2'13 from $1.41 to $1.35 and raises Q4'13 from $1.10 to $1.17.
For an analyst ratings summary and ratings history on Aetna click here. For more ratings news on Aetna click here.
Shares of Aetna closed at $40.90 yesterday, with a 52 week range of $33.43-$51.14.
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Analyst, Michael Wiederhorn, said, "We are updating our AET model following the company's adjusted language around quarterly EPS trends at a recent competitor investor conference. AET has reiterated FY2012 operating EPS guidance of $5.00, but expects "first half and second half earnings to be more similar than in 2011." The company also continued to note that it expects second-quarter 2012 operating EPS to be lower than the first quarter. As a result, we are slightly tweaking our FY2012 EPS estimate to $4.98 from $5.01."
Wiederhorn also lowers Q2'13 from $1.41 to $1.35 and raises Q4'13 from $1.10 to $1.17.
For an analyst ratings summary and ratings history on Aetna click here. For more ratings news on Aetna click here.
Shares of Aetna closed at $40.90 yesterday, with a 52 week range of $33.43-$51.14.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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