MetLife (MET) Receives Price Target

MetLife (MET) stock is expected to deviate a maximum of $6 from the average target price of $51 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $62 and the most muted being $44.

MetLife (MET) : Zacks Investment Research ranks MetLife (MET) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.8, which indicates as a Buy.


Also, In the latest statement by the brokerage house, Deutsche Bank downgrades its outlook on MetLife (NYSE:MET). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 13, 2016.

MetLife (NYSE:MET): The stock opened at $43.45 on Thursday but the bulls could not build on the opening and the stock topped out at $43.94 for the day. The stock traded down to $42.64 during the day, due to lack of any buying support eventually closed down at $43.06 with a loss of -0.78% for the day. The stock had closed at $43.40 on the previous day. The total traded volume was 6,620,013 shares.

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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