AFLAC PT Raised to $64.00 at RBC Capital (AFL)
Stock analysts at RBC Capital lifted their target price on shares of AFLAC (NYSE:AFL) from $62.00 to $64.00 in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target suggests a potential downside of 1.57% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note to investors on Wednesday. They now have a $70.00 price target on the stock. Separately, analysts at Raymond James downgraded shares of AFLAC from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday. They now have a $68.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of AFLAC from $76.00 to $83.00 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.86.
Shares of AFLAC (NYSE:AFL) traded down 2.96% during mid-day trading on Wednesday, hitting $65.02. 6,336,691 shares of the company’s stock traded hands. AFLAC has a 52-week low of $45.80 and a 52-week high of $63.63. The stock has a 50-day moving average of $60.28 and a 200-day moving average of $55.77. The company has a market cap of $30.240 billion and a price-to-earnings ratio of 9.31.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.47 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.48 by $0.01. The company had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter last year, the company posted $1.77 earnings per share. AFLAC’s revenue was down 14.0% compared to the same quarter last year. Analysts expect that AFLAC will post $6.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from AFLAC’s previous quarterly dividend of $0.35.
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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