AFLAC Downgraded by Credit Suisse to “Neutral” (AFL)
AFLAC (NYSE:AFL) was downgraded by investment analysts at Credit Suisse to a “neutral” rating in a note issued to investors on Monday, American Banking and Market News reports.
AFL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note to investors on Thursday, December 5th. They now have a $69.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of AFLAC in a research note to investors on Wednesday, November 13th. They now have a $71.00 price target on the stock, up previously from $67.00. Finally, analysts at Citigroup Inc. downgraded shares of AFLAC from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 4th. They now have a $70.00 price target on the stock, down previously from $71.00. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $66.97.
In other AFLAC news, SVP Koji Ariyoshi sold 26,250 shares of AFLAC stock on the open market in a transaction dated Friday, December 27th. The stock was sold at an average price of $67.20, for a total transaction of $1,764,000.00. Following the completion of the sale, the senior vice president now directly owns 9,375 shares in the company, valued at approximately $630,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of AFLAC (NYSE:AFL) opened at 66.15 on Monday. AFLAC has a 1-year low of $48.17 and a 1-year high of $67.62. The stock has a 50-day moving average of $66.32 and a 200-day moving average of $62.5. The company has a market cap of $30.832 billion and a price-to-earnings ratio of 10.07.
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. On average, analysts predict that AFLAC will post $6.18 earnings per share for the current fiscal year.
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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