Market Update (NYSE:AET): Aetna Executive to Participate in Goldman Sachs 37th Annual Global Healthcare Conference

[Business Wire] – Aetna announced today that company President Karen S. Lynch is scheduled to present at the Goldman Sachs 37th Annual Global Healthcare Conference on Wednesday, June 8 at 2:20 p.m. Read more on this. Aetna Inc. (AET) , valued at $40.07B, began trading this morning at $113.05. A quick look at the market, the company’s stock traded between $112.76 and $114.32 with its 52-week range being $92.42 to $134.40. Priced at 14.10x this year’s forecasted earnings, AET shares are relatively expensive compared to the industry’s 7.69x forward p/e ratio. The company pays shareholders $1.00 per share annually in dividends, yielding 0.88%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $2.12 per share, which would be $0.07 better than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $8.03 which would be a $0.32 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.73 Billion. If reported, that would be a 3.97% increase over the year-ago quarter. Recently, Jefferies downgraded AET from Buy to Hold (Jan 8, 2016). Previously, Cantor Fitzgerald upgraded AET from Hold to Buy. The average price target for AET shares by the analysts covering it is $139.20, which is 23.13% above where the stock opened. See more in (NYSE:AET) Similar Articles: Stock Update (NYSE:JNJ): Johnson & Johnson to Participate in the Goldman Sachs 37th Annual Global Healthcare Conference Market Update: Aetna Inc (NYSE:AET) – Aetna Executive to Participate in Bank of America Merrill Lynch 2016 Health Care Conference Stock Update: Aetna Inc (NYSE:AET) – Aetna Announces Executive Appearance at Upcoming Barclays Global Healthcare Conference 2016