MetLife Stock Rating Reaffirmed by TheStreet (MET)
MetLife (NYSE:MET)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Sunday, Stock Ratings News reports.
The analysts wrote, “MetLife (MET) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott upgraded shares of MetLife from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They noted that the move was a valuation call. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of MetLife in a research note to investors on Friday, November 15th. They now have a $59.00 price target on the stock, up previously from $57.00. Finally, analysts at RBC Capital cut their price target on shares of MetLife from $60.00 to $55.00 in a research note to investors on Tuesday, November 12th. They now have a “sector perform” rating on the stock. Four equities research 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 company’s stock. The stock has an average rating of “Buy” and an average target price of $53.06.
Shares of MetLife (NYSE:MET) opened at 53.81 on Friday. MetLife has a 52 week low of $33.89 and a 52 week high of $54.32. The stock’s 50-day moving average is $52.33 and its 200-day moving average is $49.11. The company has a market cap of $60.324 billion and a P/E ratio of 23.68.
MetLife (NYSE:MET) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.34 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.32 earnings per share. MetLife’s revenue was up 1.7% compared to the same quarter last year. Analysts expect that MetLife will post $5.57 EPS for the current fiscal year.
In other MetLife news, EVP Maria Morris sold 12,000 shares of the 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 value 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 sale was disclosed in a filing with the SEC, which can be accessed through this link.
MetLife, Inc (NYSE:MET), is a provider of insurance, annuities and employee benefit programs.
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