AFLAC Price Target Increased to $78.00 by Analysts at Barclays (AFL)
Investment analysts at Barclays increased their price objective on shares of AFLAC (NYSE:AFL) from $73.00 to $78.00 in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 20.22% from the company’s current price.
A number of other analysts have also recently weighed in on AFL. Analysts at UBS AG raised their price target on shares of AFLAC from $62.00 to $65.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse downgraded shares of AFLAC from an “outperform” rating to a “neutral” rating in a research note to investors on Monday. Finally, 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. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $67.32.
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.
In other AFLAC news, SVP Koji Ariyoshi sold 26,250 shares of AFLAC stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.