AFLAC Stock Rating Reaffirmed by Zacks (AFL)
AFLAC (NYSE:AFL)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Friday, American Banking & Market News reports. They currently have a $64.00 price target on the stock. Zacks‘ target price would suggest a potential upside of 5.14% from the stock’s previous close.
Shares of AFLAC (NYSE:AFL) traded up 0.28% during mid-day trading on Friday, hitting $61.04. The stock had a trading volume of 1,904,026 shares. AFLAC has a one year low of $46.35 and a one year high of $63.63. The stock’s 50-day moving average is $60.28 and its 200-day moving average is $55.77. The company has a market cap of $28.389 billion and a P/E ratio of 8.46.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.11. The company had revenue of $6.04 billion for the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the company posted $1.61 earnings per share. AFLAC’s revenue was up 2.4% compared to the same quarter last year.
A number of other firms have also recently commented on AFL. Analysts at Deutsche Bank raised their price target on shares of AFLAC (NYSE:AFL) from $61.00 to $64.00 in a research note to investors on Friday, August 2nd. Separately, analysts at RBC Capital raised their price target on shares of AFLAC (NYSE:AFL) from $59.00 to $62.00 in a research note to investors on Thursday, August 1st. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of AFLAC (NYSE:AFL) from $65.00 to $68.00 in a research note to investors on Thursday, August 1st. They now have an “overweight” rating on the stock.
Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. AFLAC currently has a consensus rating of “Buy” and an average target price of $63.97.
In other AFLAC news, Director David Gary Thompson sold 10,000 shares of the stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $60.20, for a total value of $602,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Aflac Incorporated (NYSE:AFL) is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services.
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