Short Term Price Target on MetLife (MET)

MetLife (NYSE:MET) : The consensus price target for MetLife (NYSE:MET) is $52.7 for the short term with a standard deviation of $4.97. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $44.

MetLife, Inc. has lost 9.83% in the last five trading days and dropped 13% in the last 4 weeks. MetLife, Inc. has dropped 9.79% during the last 3-month period . Year-to-Date the stock performance stands at -15.89%. Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on MetLife (NYSE:MET). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $53 per share to $51 per share. The rating by the firm was issued on May 5, 2016.

MetLife (NYSE:MET) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 12 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

MetLife (NYSE:MET): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.42 and $38.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.83, notching a gain of 1.61% for the day. The total traded volume was 10,107,874 . The stock had closed at $39.20 on the previous day.

In an insider trading activity, Morris Maria R, officer (EVP, Global Employee Benefits) of Metlife Inc, unloaded 4,200 shares at an average price of $45.15 on June 1, 2016. The total amount of the transaction was worth $189,630, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.

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