AFLAC Given New $83.00 Price Target at Keefe, Bruyette & Woods (AFL)
Keefe, Bruyette & Woods raised their price target on shares of AFLAC (NYSE:AFL) from $76.00 to $83.00 in a research note issued on Monday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 25.19% from the company’s current price.
Shares of AFLAC (NYSE:AFL) traded up 0.24% on Monday, hitting $66.30. The stock had a trading volume of 1,710,552 shares. AFLAC has a 52 week low of $45.80 and a 52 week high of $63.63. The stock’s 50-day moving average is $60.28 and its 200-day moving average is $55.77. The company has a market cap of $30.836 billion and a P/E ratio of 9.19.
AFLAC (NYSE:AFL) last posted its quarterly earnings results 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. AFLAC’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that AFLAC will post $6.19 earnings per share for the current fiscal year.
AFL has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of AFLAC from $68.00 to $75.00 in a research note to investors on Monday, October 7th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.25.
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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