AFLAC Given New $62.00 Price Target at UBS AG (AFL)
Investment analysts at UBS AG raised their price objective on shares of AFLAC (NYSE:AFL) from $56.00 to $62.00 in a note issued to investors on Wednesday, AR Network reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target indicates a potential downside of 0.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AFLAC (NYSE:AFL) in a research note to investors on Friday, September 13th. They now have a $64.00 price target on the stock. Separately, 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. Finally, 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.
Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. AFLAC has an average rating of “Buy” and an average price target of $63.86.
Shares of AFLAC (NYSE:AFL) traded up 0.31% during mid-day trading on Wednesday, hitting $62.21. The stock had a trading volume of 1,436,844 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 $60.42 and its 200-day moving average is $56.50. The company has a market cap of $28.933 billion and a P/E ratio of 8.62.
AFLAC (NYSE:AFL) last released its earnings data 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. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that AFLAC will post $6.20 EPS for the current fiscal year.
In other AFLAC news, CFO Kriss Cloninger III sold 16,600 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $62.61, for a total transaction of $1,039,326.00. Following the transaction, the chief financial officer now directly owns 255,495 shares of the company’s stock, valued at approximately $15,996,542. The transaction was disclosed in a 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.