Zacks Reiterates “Neutral” Rating for AFLAC (AFL)
AFLAC (NYSE:AFL)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Wednesday. They currently have a $66.00 target price on the stock. Zacks‘s price objective indicates a potential upside of 5.33% from the stock’s previous close.
A number of other firms have also recently commented on AFL. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AFLAC in a research note on Tuesday. They now have a $71.00 price target on the stock, up previously from $67.00. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. AFLAC currently has a consensus rating of “Hold” and a consensus price target of $67.79.
In other AFLAC news, COO Teresa L. White sold 22,698 shares of the stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $62.72, for a total transaction of $1,423,618.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AFLAC (NYSE:AFL) traded down 0.21% on Wednesday, hitting $62.53. The stock had a trading volume of 1,407,599 shares. AFLAC has a 1-year low of $56.08 and a 1-year high of $67.62. The stock has a 50-day moving average of $62.24 and a 200-day moving average of $63.24. The company has a market cap of $28.398 billion and a price-to-earnings ratio of 9.70.
AFLAC (NYSE:AFL) last released its earnings data on Tuesday, April 29th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that AFLAC will post $6.23 EPS for the current fiscal year.
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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