AFLAC Price Target Raised to $65.00 at UBS AG (AFL)
UBS AG hoisted their price objective on shares of AFLAC (NYSE:AFL) from $62.00 to $65.00 in a research note issued on Monday, American Banking News reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective points to a potential downside of 1.74% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse downgraded shares of AFLAC from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. AFLAC currently has a consensus rating of “Hold” and an average target price of $67.15.
In other AFLAC news, SVP Koji Ariyoshi sold 26,250 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $67.20, for a total value of $1,764,000.00. Following the completion of the sale, the senior vice president now directly owns 9,375 shares of the company’s stock, valued at approximately $630,000. The sale was disclosed in a filing with the SEC, which is available at this link.
AFLAC (NYSE:AFL) traded down 2.33% during mid-day trading on Monday, hitting $64.61. The stock had a trading volume of 1,746,452 shares. 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 $30.114 billion and a price-to-earnings ratio of 10.10.
AFLAC (NYSE:AFL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was down 14.0% on a year-over-year basis. Analysts expect that AFLAC will post $6.18 EPS 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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