Aflac Inc. (NYSE:AFL) does about 2.24M shares in volume on a normal day but saw 2500577 shares change hands in Tuesday trading. The company now has a market cap of 47.86B USD. Its current market price is $83.17, marking a decrease of -2.31% compared to the previous close of $85.14. The 52 week high reached by this stock is $86.26 whilst the lowest price level in 52 weeks is $64.06.
Aflac Inc. (AFL) has a 20-day trading average at $84.61 and the current price is -3.58% off the 52-week high compared with 29.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $81.87 and its 200-day simple moving average is $78.79. If we look at the stock’s price movements over the week, volatility stands at 1.85%, which decreases to 1.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.07 to suggest the stock is neutral.
The consensus objective for the share price is $83.69, suggesting that the stock has a potential upside of 0.62% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 04, 2024 when Evercore ISI downgraded the stock to “Underperform” and issued a price target of between $76 and $78. Morgan Stanley also downgraded the stock to “Equal-Weight” from Overweight on August 18, 2023 at a price target of $74-$75. BofA Securities resumed its price target at $77.
Aflac Inc. (AFL) stock is down -2.07% over the week and 1.29% over the past month. Its price is 0.81% year-to-date and 28.83% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $1.25 below consensus estimates by -$0.2. AFL’s earnings per share are forecast to grow by 3.70% this year and 7.10% over next year. Expected sales for next quarter are $4.3 billion, which analysts say will come at $17.32 billion for the current fiscal year and next year at $17.59 billion. In addition, estimates put the company’s current quarterly revenue at an average of $4.32 billion.
To reach the target analysts have set, the stock logically needs to grow 0.62 percent from here.
Outstanding shares total 578.48M with insiders holding 9.80% of the shares and institutional holders owning 60.29% of the company’s common stock. The company has a return on investment of 15.89% and return on equity of 21.01%. The price to earnings ratio (P/E ratio) amounts to 10.74 while the forward price to earnings ratio is 12.03. The beta has a value of 0.91. Price to book ratio is 2.19 and price to sales ratio is 2.56.
