MetLife (MET) : 10 analysts are covering MetLife (MET) and their average rating on the stock is 1.8, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. MetLife (MET) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
MetLife (MET) : The highest level MetLife (MET) is projected to reach is $62 for the short term and the lowest estimate is at $44. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $51 and the possibility the share price can swing is $6.
Also, Deutsche Bank downgrades its rating on MetLife (NYSE:MET). Analysts at the Deutsche Bank have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 13, 2016.
MetLife (NYSE:MET): After opening at $43.63, the stock dipped to an intraday low of $43.5 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $44.755 and the buying power remained strong till the end. The stock closed at $44.5 for the day, a gain of 1.64% for the day session. The total traded volume was 7,654,192. The stocks close on the previous trading day was $43.78.
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.