Barclays maintains an 'Overweight' on AFLAC (AFL); Takeaways From Meeting with Management
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Price: $120.98 -0.39%
Rating Summary:
5 Buy, 16 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
5 Buy, 16 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Barclays maintains an 'Overweight' on AFLAC (NYSE: AFL) price target of $50.00.
Analyst, Jay Gelb, said, "1) The WAYS product should show peak sales in 1Q12 and reduced margins but the impact is already embedded in 2012 guidance, 2) The new investment allocation plan to increase diversification, liquidity, and investment yield as well as completing de-risking efforts should be finalized by mid-year 2012, 3) Our sense is 8% operating EPS growth in 2013 on a currency-neutral basis is a reasonable baseline."
FY12 EPS estimate cut from $6.50 to $6.30 and FY13 cut from $7.10 to $6.75.
For an analyst ratings summary and ratings history on AFLAC click here. For more ratings news on AFLAC click here.
Shares of AFLAC closed at $45.72 yesterday.
Analyst, Jay Gelb, said, "1) The WAYS product should show peak sales in 1Q12 and reduced margins but the impact is already embedded in 2012 guidance, 2) The new investment allocation plan to increase diversification, liquidity, and investment yield as well as completing de-risking efforts should be finalized by mid-year 2012, 3) Our sense is 8% operating EPS growth in 2013 on a currency-neutral basis is a reasonable baseline."
FY12 EPS estimate cut from $6.50 to $6.30 and FY13 cut from $7.10 to $6.75.
For an analyst ratings summary and ratings history on AFLAC click here. For more ratings news on AFLAC click here.
Shares of AFLAC closed at $45.72 yesterday.
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