AFLAC Given Average Rating of “Hold” by Brokerages (NYSE:AFL)
Shares of AFLAC (NYSE:AFL) have received an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Analyst Ratings.Net reports. Eight analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.33.
A number of research firms have recently commented on AFL. 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.
Shares of AFLAC (NYSE:AFL) opened at 60.10 on Thursday. AFLAC has a 1-year low of $57.36 and a 1-year high of $67.62. The stock’s 50-day moving average is $61.76 and its 200-day moving average is $62.48. The company has a market cap of $27.228 billion and a P/E ratio of 9.49.
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 $6.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors 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 2.46%. 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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