AFLAC Price Target Cut to $65.00 (AFL)
RBC Capital lowered their target price on shares of AFLAC (NYSE:AFL) from $66.00 to $65.00 in a research note issued on Wednesday. RBC Capital’s target price suggests a potential upside of 5.90% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of AFLAC in a research note on Thursday, July 17th. They now have a $78.00 price target on the stock, up previously from $77.00. Separately, analysts at Raymond James upgraded shares of AFLAC from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. They now have a $73.00 price target on the stock. Finally, 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. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $69.91.
Shares of AFLAC (NYSE:AFL) traded down 2.79% on Wednesday, hitting $61.38. 4,209,255 shares of the company’s stock traded hands. AFLAC has a one year low of $57.36 and a one year high of $67.62. The stock has a 50-day moving average of $62.89 and a 200-day moving average of $62.87. The company has a market cap of $27.875 billion and a P/E ratio of 9.78.
AFLAC (NYSE:AFL) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.07. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that AFLAC will post $6.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, August 18th.
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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