AFLAC Receives Hold Rating from Deutsche Bank (AFL)
AFLAC (NYSE:AFL)‘s stock had its “hold” rating reiterated by stock analysts at Deutsche Bank in a report issued on Thursday. They currently have a $67.00 price objective on the stock, down from their previous price objective of $69.00. Deutsche Bank’s target price indicates a potential upside of 13.33% from the company’s current price.
A number of other analysts have also recently weighed in on AFL. Analysts at Keefe, Bruyette & Woods cut their price target on shares of AFLAC from $71.00 to $70.00 in a research note on Thursday. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of AFLAC in a research note on Wednesday. They now have a $64.00 price target on the stock, down previously from $67.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AFLAC in a research note on Wednesday. They now have a $66.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.58.
AFLAC (NYSE:AFL) traded down 1.04% on Thursday, hitting $59.12. The stock had a trading volume of 3,133,049 shares. 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 $62.7 and a 200-day moving average of $62.8. The company has a market cap of $26.778 billion and a price-to-earnings ratio of 9.43.
AFLAC (NYSE:AFL) last released its 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. Analysts expect that AFLAC will post $6.23 EPS 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 2.50%. 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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