Stock Update: Aetna Inc (NYSE:AET) – Humana shares drop on report of DOJ meeting over Aetna deal

[Reuters] – Shares in health insurer Humana fell nearly 10 percent following a report that antitrust regulators were due to discuss “significant concerns” over its proposed buyout by rival Aetna Inc Antitrust … Read more on this. Aetna Inc. (AET) , with a current market cap of $40.48B, opened this morning at $120.58. A quick look at the market, the company’s stock traded between $114.41 and $120.99 with its 52-week range being $92.42 to $125.47. Priced at 14.94x this year’s forecasted earnings, AET shares are relatively expensive compared to the industry’s 8.01x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.00 per share annually in dividends, yielding 0.84%. In a review of the consensus earnings estimate this quarter, 19 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. Investors should also note that the full-year EPS estimate of $8.05 is a $0.34 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.69 Billion. If realized, that would be a 3.70% increase over the year-ago quarter. Recently, Bernstein Initiated AET at Outperform (Jun 16, 2016). Previously, Jefferies downgraded AET from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $139.40, which is 15.61% above than it opened this morning. See more in (NYSE:AET) Similar Articles: Stock Update: Aetna Inc (NYSE:AET) – California insurance commissioner urges DOJ to block Aetna-Humana deal Stock Update (NYSE:AET): California regulator approves Aetna-Humana deal with conditions Market Update: Aetna Inc (NYSE:AET) – Aetna’s deal for Humana will push up costs for seniors – think tank