Torchmark Corp. Price Target Increased to $69.00 by Analysts at RBC Capital (TMK)
RBC Capital boosted their price target on shares of Torchmark Corp. (NYSE:TMK) from $65.00 to $69.00 in a research note issued on Thursday, AnalystRatings.NET reports. The firm currently has an “underperform” rating on the stock. RBC Capital’s target price would suggest a potential downside of 6.33% from the stock’s previous close.
Shares of Torchmark Corp. (NYSE:TMK) traded down 1.07% on Thursday, hitting $73.66. The stock had a trading volume of 558,540 shares. Torchmark Corp. has a 1-year low of $49.10 and a 1-year high of $73.09. The stock’s 50-day moving average is $70.88 and its 200-day moving average is $64.7. The company has a market cap of $6.746 billion and a price-to-earnings ratio of 13.20.
Torchmark Corp. (NYSE:TMK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.43. During the same quarter in the prior year, the company posted $1.29 earnings per share.
A number of other firms have also recently commented on TMK. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Torchmark Corp. from $78.00 to $87.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.83.
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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