Metlife Now Covered by Analysts at Drexel Hamilton (MET)
Equities research analysts at Drexel Hamilton began coverage on shares of Metlife (NYSE:MET) in a research note issued to investors on Monday. The firm set a “buy” rating and a $63.00 price target on the stock. Drexel Hamilton’s target price would suggest a potential upside of 11.27% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Metlife in a research note on Tuesday, July 1st. They now have a $63.00 price target on the stock, up previously from $58.00. Separately, analysts at S&P Equity Research reiterated a “buy” rating on shares of Metlife in a research note on Wednesday, June 11th. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Metlife in a research note on Wednesday, June 11th. They now have a $57.00 price target on the stock. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.13.
Metlife (NYSE:MET) traded down 1.05% during mid-day trading on Monday, hitting $56.62. The stock had a trading volume of 3,194,222 shares. Metlife has a 52-week low of $45.52 and a 52-week high of $57.57. The stock’s 50-day moving average is $53.75 and its 200-day moving average is $52.20. The company has a market cap of $63.730 billion and a price-to-earnings ratio of 17.94.
Metlife (NYSE:MET) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.03. On average, analysts predict that Metlife will post $5.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Friday, August 8th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.47%.
MetLife, Inc (NYSE:MET) is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.
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.