AFLAC Receives “Neutral” Rating from Zacks (AFL)
AFLAC (NYSE:AFL)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Friday, American Banking News reports. They currently have a $65.00 price target on the stock. Zacks‘ target price suggests a potential upside of 5.30% from the company’s current price.
A number of other analysts have also recently weighed in on AFL. Analysts at Barclays raised their price target on shares of AFLAC from $73.00 to $78.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Separately, 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, January 6th. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of AFLAC from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. AFLAC presently has a consensus rating of “Hold” and an average target price of $67.09.
Shares of AFLAC (NYSE:AFL) traded up 1.57% during mid-day trading on Friday, hitting $62.70. 1,753,645 shares of the company’s stock traded hands. AFLAC has a one year low of $48.17 and a one year high of $67.62. The stock has a 50-day moving average of $64.38 and a 200-day moving average of $63.50. The company has a market cap of $29.224 billion and a price-to-earnings ratio of 9.43.
AFLAC (NYSE:AFL) last released its earnings data on Tuesday, February 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis. Analysts expect that AFLAC will post $6.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of 0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, February 12th.
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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