Analysis: Aflac Incorporated (NYSE:AFL) Stock Target Has Been Increased Today
In a recent report revealed to clients by Barclays Capital on 4 December, the firm, Aflac Incorporated (NYSE:AFL), had their TP downgraded to $65.00. Analusts now have a solid “Equal Weight” rating on the stock.
From a total of 15 analysts covering Aflac Incorporated (NYSE:AFL) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 13 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is $76 while the lowest target price is $62. The mean of all analyst targets is $67.8 with a 8.31% above today’s ($63.52) stock price. Aflac Incorporated was the topic of 8 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on September 10 to “Buy” rating. Wood upgraded AFL stock in a recent report from August 27 to “Market Perform” rating.
The stock increased 0.67% or $0.42 on December 4, striking $63.52. Approximately shares of stock traded hands. AFLAC Incorporated (NYSE:AFL) has 0.00% since May 4, 2015 and is . It has outperformed by 1.08% the S&P500.
Aflac Incorporated is a business holding company. The company has a market cap of $27.11 billion. The Firm is engaged in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). It has 11.13 P/E ratio. Aflac offers insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss.
According to Zacks Investment Research, “AFLAC Inc. is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its primary business is supplemental health and life insurance, which is marketed and administered primarily through its subsidiary, American Family Life Assurance Company of Columbus.” Get a free copy of the Zacks research report on AFLAC Incorporated (AFL).