Torchmark Corp. PT Raised to $87.00 (TMK)
Equities research analysts at Keefe, Bruyette & Woods boosted their target price on shares of Torchmark Corp. (NYSE:TMK) from $78.00 to $87.00 in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 15.78% from the stock’s previous close.
TMK has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark Corp. in a research note to investors on Wednesday, October 2nd. They now have a $76.00 price target on the stock. Separately, analysts at FBR & Co. downgraded shares of Torchmark Corp. from an “outperform” rating to an “underperform” rating in a research note to investors on Tuesday, October 1st. Finally, analysts at FBR Capital Markets downgraded shares of Torchmark Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 1st. They now have a $69.00 price target on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Torchmark Corp. presently has an average rating of “Hold” and an average target price of $70.50.
Torchmark Corp. (NYSE:TMK) traded up 0.16% during mid-day trading on Monday, hitting $75.14. 304,594 shares of the company’s stock traded hands. Torchmark Corp. has a one year low of $49.10 and a one year high of $75.12. The stock has a 50-day moving average of $72.11 and a 200-day moving average of $67.26. The company has a market cap of $6.882 billion and a price-to-earnings ratio of 13.30.
Torchmark Corp. (NYSE:TMK) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.04. During the same quarter in the previous year, the company posted $1.32 earnings per share.
Torchmark Corporation is an insurance holding company. The Company is financial services holding company whose affiliate Companies market life insurance and supplemental health insurance to middle-income Americans.
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