AFLAC Rating Reiterated by Zacks (AFL)
AFLAC (NYSE:AFL)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Wednesday, Analyst RN reports. They currently have a $70.00 price objective on the stock. Zacks‘ price target points to a potential upside of 7.53% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $66.03.
AFLAC (NYSE:AFL) traded up 0.18% during mid-day trading on Wednesday, hitting $65.10. The stock had a trading volume of 2,028,762 shares. AFLAC has a 52 week low of $48.17 and a 52 week high of $67.00. The stock’s 50-day moving average is $63.77 and its 200-day moving average is $58.94. The company has a market cap of $30.277 billion and a P/E ratio of 9.03.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.77 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. Analysts expect that AFLAC will post $6.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Monday, November 18th. This is a boost 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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