MetLife PT Raised to $50.00 (MET)
Equities research analysts at Keefe, Bruyette & Woods raised their price target on shares of MetLife (NYSE: MET) from $44.00 to $50.00 in a research note issued to investors on Wednesday, ARN reports. The firm currently has an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets raised their price target on shares of MetLife from $50.00 to $55.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of MetLife from $44.00 to $47.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of MetLife in a research note to investors on Friday, May 3rd. They now have a $42.00 price target on the stock.
Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.65.
Shares of MetLife (NYSE: MET) traded up 1.15% during mid-day trading on Wednesday, hitting $41.25. MetLife has a one year low of $27.60 and a one year high of $41.21. The stock’s 50-day moving average is currently $37.91. The company has a market cap of $45.111 billion and a P/E ratio of 19.03.
MetLife (NYSE: MET) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.17. The company had revenue of $17.00 million for the quarter, compared to the consensus estimate of $17.34 billion. During the same quarter last year, the company posted $1.37 earnings per share. MetLife’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that MetLife will post $5.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 13th. Investors of record on Thursday, May 9th will be paid a dividend of $0.28 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, May 7th. This is an increase from MetLife’s previous quarterly dividend of $0.19.
MetLife, Inc. (NYSE: MET) is a provider of insurance, employee benefits and financial services, with operations throughout the United States and the regions of Latin America, Asia Pacific and Europe, Middle East and India (EMEI).
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