Raymond James Upgrades AFLAC to Outperform (AFL)
AFLAC (NYSE:AFL) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
AFLAC (NYSE:AFL) opened at 63.11 on Thursday. AFLAC has a 52-week low of $57.36 and a 52-week high of $67.62. The stock has a 50-day moving average of $62.44 and a 200-day moving average of $63.01. The company has a market cap of $28.661 billion and a price-to-earnings ratio of 9.73.
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. On average, analysts predict that AFLAC will post $6.24 earnings per share for the current fiscal year.
AFL has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of AFLAC from $69.00 to $71.00 in a research note on Wednesday, July 9th. Separately, analysts at Drexel Hamilton initiated coverage on shares of AFLAC in a research note on Monday, July 7th. They set a “buy” rating and a $70.00 price target on the stock. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $68.40.
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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