MetLife Receives “Buy” Rating from TheStreet (MET)
MetLife (NYSE:MET)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Friday, AR Network reports.
The analysts wrote, “MetLife (MET) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of MetLife from a “buy” rating to a “conviction-buy” rating in a research note to investors on Friday, September 20th. They now have a $58.00 price target on the stock, up previously from $54.00. Separately, analysts at Argus raised their price target on shares of MetLife from $48.00 to $55.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital upgraded shares of MetLife from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, September 4th. They now have a $58.00 price target on the stock, up previously from $54.00. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.11.
MetLife (NYSE:MET) traded up 0.92% during mid-day trading on Friday, hitting $48.555. 4,317,951 shares of the company’s stock traded hands. MetLife has a 1-year low of $30.55 and a 1-year high of $51.65. The stock’s 50-day moving average is $47.72 and its 200-day moving average is $44.74. The company has a market cap of $53.272 billion and a price-to-earnings ratio of 97.00.
MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.33 by $0.11. The company had revenue of $17.04 billion for the quarter, compared to the consensus estimate of $17.31 billion. During the same quarter last year, the company posted $1.33 earnings per share. MetLife’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that MetLife will post $5.62 earnings per share for the current fiscal year.
MetLife, Inc (NYSE:MET), is a provider of insurance, annuities and employee benefit programs.
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.