Drexel Hamilton Initiates Coverage on AFLAC (AFL)
Drexel Hamilton assumed coverage on shares of AFLAC (NYSE:AFL) in a research note issued on Monday. The firm set a “buy” rating and a $70.00 price target on the stock. Drexel Hamilton’s price objective suggests a potential upside of 10.38% from the stock’s previous close.
A number of other analysts have also recently weighed in on AFL. Analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note on Wednesday, July 2nd. They now have a $66.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of AFLAC in a research note on Tuesday, July 1st. They now have a $71.00 price target on the stock, up previously from $67.00. Finally, 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. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $67.96.
AFLAC (NYSE:AFL) traded up 0.21% during mid-day trading on Monday, hitting $63.42. The stock had a trading volume of 1,991,159 shares. AFLAC has a 52-week low of $56.57 and a 52-week high of $67.62. The stock’s 50-day moving average is $62.2 and its 200-day moving average is $63.24. The company has a market cap of $28.802 billion and a price-to-earnings ratio of 9.80.
AFLAC (NYSE:AFL) last announced its earnings results on Tuesday, April 29th. The company reported $1.69 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.69 earnings per share. AFLAC’s revenue was down 9.1% compared to the same quarter last year. 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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