AFLAC Rating Reiterated by JPMorgan Chase & Co. (AFL)
AFLAC (NYSE:AFL)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a $71.00 price objective on the stock, up from their previous price objective of $67.00. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 14.06% from the company’s current price.
AFLAC (NYSE:AFL) traded up 1.09% during mid-day trading on Tuesday, hitting $62.93. 517,202 shares of the company’s stock traded hands. AFLAC has a 52-week low of $56.08 and a 52-week high of $67.62. The stock has a 50-day moving average of $62.26 and a 200-day moving average of $63.28. The company has a market cap of $28.579 billion and a price-to-earnings ratio of 9.64.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.58 by $0.11. The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts predict that AFLAC will post $6.23 earnings per share for the current fiscal year.
A number of other firms have also recently commented on AFL. Analysts at RBC Capital raised their price target on shares of AFLAC from $64.00 to $66.00 in a research note on Friday, May 23rd. They now have a “sector perform” rating on the stock. Separately, analysts at Barclays downgraded shares of AFLAC from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 23rd. They now have a $67.00 price target on the stock, down previously from $78.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note on Wednesday, April 30th. They now have a $67.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $67.88.
In other AFLAC news, COO Teresa L. White unloaded 22,698 shares of AFLAC stock on the open market in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $62.72, for a total transaction of $1,423,618.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.