MetLife stock has undergone multiple analysts rating changes in the recent past. MetLife stock Target Raised by Barclays PLC on 10/12/2021. In a note to investors, the firm issued a new target price of $72.00. The analysts previously had $69.00 target price. Barclays PLC’s price target would indicate a potential upside of 10.57% from the stock’s previous close.
Shares of MetLife traded down -$0.21 on monday, reaching $64.91. 433178 shares of the stock traded hands, compared to its average volume of 5030454. On monday, Shares of MetLife closed at $64.91. The firm’s 50 day moving average is $61.53 and its 200 day moving average is $59.46.MetLife has a 12 month low of $35.90 and a 12 month high of $67.68. While on yearly highs and lows, MetLife today has traded high as $65.48 and has touched $64.55 on the downward trend.
MetLife Earnings and What to expect:
MetLife last issued its quarterly earnings data on August 4th, 2021. The financial services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.76. The firm had revenue of $18.52 billion for the quarter, compared to analysts’ expectations of $15.84 billion. Its revenue was up 33.8% on a year-over-year basis. MetLife has generated $6.16 earnings per share over the last year ($4.99 diluted earnings per share) and currently has a price-to-earnings ratio of 13.1. Earnings for MetLife are expected to decrease by -8.65% in the coming year, from $7.98 to $7.29 per share. MetLife has confirmed that its next quarterly earnings report will be published on Wednesday, November 3rd, 2021. MetLife will be holding an earnings conference call on Thursday, November 4th at 9:00 AM Eastern. Interested parties can or dial in at 402-970-0847 with passcode “7756549”.
Earnings for MetLife are expected to decrease by -8.65% in the coming year, from $7.98 to $7.29 per share. The P/E ratio of MetLife is 13.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.28. The P/E ratio of MetLife is 13.05, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.13. MetLife has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued. MetLife has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
MetLife (NYSE:MET) Moving Average Technical Analysis
5 day Moving Average is $$64.58 And 5 day price change is $2.75 (4.41%) with average volume for 5 day average is 4,657,440. While technical analysis for average 20 days shows significant difference, 20 day moving average is $62.26 and 20 day price change is $3.33 (5.39%) and average 20 day moving volume is 5,344,960. 50 day moving average is $61.53 and 50 day price change is $7.42 ( 12.86%) and with average volume for 50 days is : 4,666,104. 200 day moving average is $59.46 and 200 day price change is $18.99 (41.17%) and with average volume for 200 days is : 5,029,702.
Other owners latest trading in MetLife :
- On 10/12/2021 shares held by First Hawaiian Bank were 8,708 which equates to market value of $0.54M and appx 0.00% owners of MetLife
- On 10/8/2021 shares held by Cullinan Associates Inc. were 124,684 which equates to market value of $7.70M and appx 0.40% owners of MetLife
- On 10/8/2021 shares held by TPG Financial Advisors LLC were 7,199 which equates to market value of $0.44M and appx 0.20% owners of MetLife
- In total Institutional ownership equates to Institutional Ownership Percentage: 74.60% for MetLife
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