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Health Net Stock Hits New 52-Week High (HNT)

By TheStreet Wire 04/03/12 - 10:19 AM EDT

Find out if (HNT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Health Net (NYSE:HNT) hit a new 52-week high Tuesday as it is currently trading at $40.34, above its previous 52-week high of $40.22 with 86,379 shares traded as of 9:55 a.m. ET. Average volume has been 821,600 shares over the past 30 days.

Health Net has a market cap of $2.93 billion and is part of the health care sector and health services industry. Shares are up 30.7% year to date as of the close of trading on Monday.

Health Net, Inc., through its subsidiaries, provides managed health care services. The company has a P/E ratio of 49.6, above the average health services industry P/E ratio of 35.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Health Net as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Health Net Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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