MetLife Receives “Buy” Rating from TheStreet (MET)
MetLife (NYSE:MET)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Tuesday, ARN 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.”
A number of other firms have also recently commented on MET. Analysts at Portales Partners downgraded shares of MetLife from an “outperform” rating to a “sector perform” rating in a research note to investors on Monday, January 13th. Separately, analysts at FBR Capital Markets raised their price target on shares of MetLife from $55.00 to $60.00 in a research note to investors on Thursday, January 9th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of MetLife in a research note to investors on Wednesday, January 8th. They now have a $56.00 price target on the stock. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.00.
MetLife (NYSE:MET) opened at 49.71 on Tuesday. MetLife has a one year low of $33.89 and a one year high of $54.70. The stock’s 50-day moving average is $52.66 and its 200-day moving average is $49.86. The company has a market cap of $55.728 billion and a price-to-earnings ratio of 21.78.
MetLife (NYSE:MET) last announced its earnings results 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. On average, analysts predict that MetLife will post $5.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, March 13th. Stockholders of record on Thursday, February 6th will be paid a dividend of 0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Tuesday, February 4th.
MetLife, Inc (NYSE:MET), is a provider of insurance, annuities and employee benefit programs.
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