Torchmark Given Consensus Recommendation of “Hold” by Analysts (NYSE:TMK)
Torchmark (NYSE:TMK) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the stock, Analyst Ratings News reports. Four research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $78.17.
A number of research firms have recently commented on TMK. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Friday. They now have a $86.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of Torchmark from a “buy” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $87.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Torchmark in a research note on Friday, April 25th. They now have a $89.00 price target on the stock.
Shares of Torchmark (NYSE:TMK) traded up 0.43% on Monday, hitting $82.33. The stock had a trading volume of 51,368 shares. Torchmark has a 1-year low of $65.45 and a 1-year high of $82.88. The stock has a 50-day moving average of $81.49 and a 200-day moving average of $78.48. The company has a market cap of $7.229 billion and a P/E ratio of 13.91. Torchmark’s stock is set to split before the market opens on Wednesday, July 2nd. The 3-2 split was announced on Tuesday, April 29th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, July 1st.
Torchmark (NYSE:TMK) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.51 by $0.01. During the same quarter last year, the company posted $1.39 earnings per share. On average, analysts predict that Torchmark will post $6.22 earnings per share for the current fiscal year.
Torchmark Corporation is an insurance holding company. The Company is financial services holding company whose affiliate Companies market life insurance and supplemental health insurance to middle-income Americans.
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