Aetna Inc Receives a Hold from Credit Suisse

Credit Suisse analyst A.J. Rice maintained a Hold rating on Aetna Inc (NYSE: AET) today and set a price target of $194. The company’s shares opened today at $174.81.

According to TipRanks.com, Rice is a 4-star analyst with an average return of 9.7% and a 63.4% success rate. Rice covers the Services sector, focusing on stocks such as Encompass Health Corporation, AMN Healthcare Services Inc, and Quest Diagnostics Inc.

Currently, the analyst consensus on Aetna Inc is Moderate Buy and the average price target is $197.50, representing a 13.0% upside.

In a report issued on May 1, Oppenheimer also maintained a Hold rating on the stock.

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Based on Aetna Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15.24 billion and net profit of $1.21 billion. In comparison, last year the company earned revenue of $15.17 billion and had a GAAP net loss of $381 million.

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Aetna, Inc. engages in the provision of traditional, voluntary, and consumer-directed health insurance products and related services. It operates through the following segments: Health Care, Group Insurance, and Large Case Pensions.