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UPDATE: Wedbush Securities Reiterates Neutral Rating, Raises PT on Health Net

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In a report published Wednesday, Wedbush Securities reiterated its Neutral rating on Health Net (NYSE: HNT), and raised its price target from $20.00 to $27.00.

Wedbush Securities noted, “We previously estimated average pre-tax margins of 2% on CA Medicaid and margins being flat for the duals contract in the first few quarters then 1%. Our new estimates reflect a greater amount of margin protection as well as lower PMPMs as suggested by management comments, final pricing on duals is still to be determined by the state. Management will provide details on administrative load for the Medicaid segment in December, our current estimates reflect 89% MLRs on the duals contract and an administrative load in the range of 8-9%.”

Health Net closed on Tuesday at $25.85.

Latest Ratings for HNT

Dec 2014JefferiesMaintainsBuy
Dec 2014Credit SuisseMaintainsOutperform
Dec 2014Deutsche BankMaintainsHold

View More Analyst Ratings for HNT
View the Latest Analyst Ratings

Posted-In: Wedbush SecuritiesAnalyst Color Price Target Analyst Ratings


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