MetLife (MET) : Analyst Rating Update

MetLife (MET) : The consensus on MetLife (MET) based on 12 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

MetLife (MET) : The consensus price target for MetLife (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 (NYSE:MET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.61 and $36.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.35, notching a gain of 1.32% for the day. The total traded volume was 10,967,745 . The stock had closed at $37.85 on the previous day.

Also, Sandler ONeill upgrades their rating on the shares of MetLife (NYSE:MET). The current rating of the shares is Buy. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on June 27, 2016. The company shares have dropped -30.47% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $58.13 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.92 and the 200 Day Moving Average price is recorded at $43.12.

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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