MetLife Upgraded to “Buy” at Janney Montgomery Scott (MET)
MetLife (NYSE:MET) was upgraded by Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
In other MetLife news, EVP Maria Morris sold 12,000 shares of MetLife stock on the open market in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $53.08, for a total transaction of $636,960.00. Following the completion of the transaction, the executive vice president now directly owns 65,844 shares of the company’s stock, valued at approximately $3,495,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MetLife (NYSE:MET) opened at 53.19 on Friday. MetLife has a 1-year low of $33.89 and a 1-year high of $54.32. The stock’s 50-day moving average is $52.26 and its 200-day moving average is $49.05. The company has a market cap of $59.629 billion and a price-to-earnings ratio of 24.01.
MetLife (NYSE:MET) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.34. The company had revenue of $16.90 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.
MET has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of MetLife in a research note to investors on Friday, December 27th. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $53.06.
MetLife, Inc (NYSE:MET), is a provider of insurance, annuities and employee benefit programs.
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