AFLAC Earns “A-” Credit Rating (AFL)
AFLAC (NYSE:AFL) has earned an “A-” credit rating from analysts at Morningstar. The firm’s “A-” rating suggests that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
A number of other analysts have also recently weighed in 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. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $69.33.
AFLAC (NYSE:AFL) remained flat at $61.24 during trading on Monday. The stock had a trading volume of 1,397,821 shares. AFLAC has a 52-week low of $57.62 and a 52-week high of $67.62. The stock has a 50-day moving average of $61.29 and a 200-day moving average of $62.40. The company has a market cap of $27.744 billion and a P/E ratio of 9.67.
AFLAC (NYSE:AFL) last released its earnings data 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. On average, analysts predict 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. 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 2.42%. 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.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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