AFLAC PT Raised to $75.00 at Barclays Capital (AFL)
Research analysts at Barclays Capital raised their price objective on shares of AFLAC (NYSE:AFL) from $68.00 to $75.00 in a report released on Monday, Analyst Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective would indicate a potential upside of 19.20% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR & Co. upgraded shares of AFLAC from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at FBR Capital Markets upgraded shares of AFLAC from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $71.00 price target on the stock, up previously from $60.00. Finally, analysts at UBS AG raised their price target on shares of AFLAC from $56.00 to $62.00 in a research note to investors on Wednesday, September 25th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $64.86.
Shares of AFLAC (NYSE:AFL) traded down 1.27% during mid-day trading on Monday, hitting $62.92. 1,204,668 shares of the company’s stock traded hands. AFLAC has a 1-year low of $47.43 and a 1-year high of $63.94. The stock has a 50-day moving average of $60.73 and a 200-day moving average of $57.25. The company has a market cap of $29.264 billion and a price-to-earnings ratio of 8.85.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the 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 in the previous 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. On average, analysts predict that AFLAC will post $6.20 earnings per share for the current fiscal year.
In other AFLAC news, CFO Kriss Cloninger III sold 33,400 shares of AFLAC stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $62.40, for a total transaction of $2,084,160.00. Following the completion of the sale, the chief financial officer now directly owns 250,495 shares in the company, valued at approximately $15,630,888. The transaction was disclosed in a document filed with the SEC, 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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