AFLAC Receives Average Rating of “Hold” from Brokerages (NYSE:AFL)
AFLAC (NYSE:AFL) has earned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, American Banking & Market News reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $69.33.
AFLAC (NYSE:AFL) traded up 0.62% during mid-day trading on Thursday, hitting $60.01. 287,141 shares of the company’s stock traded hands. 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 $61.90 and a 200-day moving average of $62.51. The company has a market cap of $27.187 billion and a P/E ratio of 9.42.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.62 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts expect that AFLAC will post $6.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Monday, August 18th.
Several analysts have recently commented on the stock. Analysts at Raymond James cut their price target on shares of AFLAC from $73.00 to $70.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of AFLAC in a research note on Thursday, July 31st. They now have a $67.00 price target on the stock, down previously from $69.00. Finally, 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, July 31st.
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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