Torchmark Stock Rating Reaffirmed by Keefe, Bruyette & Woods (TMK)
Torchmark (NYSE:TMK)‘s stock had its “market perform” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday. They currently have a $56.00 price objective on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 2.13% from the stock’s previous close.
A number of other firms have also recently commented on TMK. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Torchmark in a research note on Tuesday. They now have a $80.00 price target on the stock, up previously from $49.33. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Friday, June 27th. They now have a $57.33 price target on the stock. Finally, 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 $58.00 price target on the stock. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Torchmark has a consensus rating of “Hold” and a consensus price target of $55.56.
Torchmark (NYSE:TMK) traded up 0.69% on Thursday, hitting $55.21. 135,007 shares of the company’s stock traded hands. Torchmark has a one year low of $44.20 and a one year high of $56.49. The stock’s 50-day moving average is $54.38 and its 200-day moving average is $52.42. The company has a market cap of $7.272 billion and a P/E ratio of 13.96.
Torchmark (NYSE:TMK) last announced its 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 $4.15 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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