Cantor Fitzgerald Starts Aetna (AET) at Hold; Concentration in Lumpy National Accounts Market
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Price: $212.70 --0%
Rating Summary:
10 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 15 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Cantor Fitzgerald initiates coverage on Aetna (NYSE: AET) with a Hold. PT $45.00.
Analyst, Joseph D. France, said, "Aetna is not expensive relative to its historical valuations or by comparison with its peers, but rising utilization and tough comparisons with prior year periods that included substantial favorable development suggest that earnings growth will slow over the next two years. The company's enrollment is under competitive pressure, and in an environment that is tough for everyone in the group, we do not see this pressure abating. We would like to see Aetna emphasize Medicare more, and we are encouraged by its recent progress with Medicaid mandates, but these initiatives will take time to implement."
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 $41.11 yesterday.
Analyst, Joseph D. France, said, "Aetna is not expensive relative to its historical valuations or by comparison with its peers, but rising utilization and tough comparisons with prior year periods that included substantial favorable development suggest that earnings growth will slow over the next two years. The company's enrollment is under competitive pressure, and in an environment that is tough for everyone in the group, we do not see this pressure abating. We would like to see Aetna emphasize Medicare more, and we are encouraged by its recent progress with Medicaid mandates, but these initiatives will take time to implement."
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 $41.11 yesterday.
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