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

NEW YORK ( TheStreet) -- Health Net Incorporated (NYSE: HNT) hit a new 52-week high Tuesday as it traded at $31.67 compared with its previous 52-Week high of $31.43. Health Net is changing hands at $31.06 with 802,468 shares traded as of 2:11 p.m. ET. Average volume has been 951,800 shares over the past 30 days.

Health Net has a market cap of $2.9 billion and is part of the health care sector and health services industry. Shares are up 12.6% year to date as of the close of trading on Friday.

Health Net, Inc. operates as a managed health care company in the United States. The company has a P/E ratio of 14.9, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Health Net as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Health Net Ratings Report.

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

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%