Unum Group Price Target Raised to $40.00 at Barclays (UNM)
Stock analysts at Barclays increased their price target on shares of Unum Group (NYSE:UNM) from $39.00 to $40.00 in a report issued on Tuesday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 16.58% from the company’s current price.
Unum Group (NYSE:UNM) traded up 0.35% during mid-day trading on Tuesday, hitting $34.41. 385,513 shares of the company’s stock traded hands. Unum Group has a 1-year low of $21.47 and a 1-year high of $35.40. The stock has a 50-day moving average of $34.10 and a 200-day moving average of $31.67. The company has a market cap of $8.987 billion and a P/E ratio of 10.61.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter last year, the company posted $0.80 earnings per share. Unum Group’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that Unum Group will post $3.30 EPS for the current fiscal year.
UNM has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Monday. They now have a $36.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Unum Group in a research note to investors on Friday, November 15th. They now have a $36.00 price target on the stock, up previously from $34.00. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.79.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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.