In a report released today, Nigel Dally from Morgan Stanley maintained a Hold rating on Metlife (MET), with a price target of $54. The company’s shares closed yesterday at $44.73.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 13.7% and a 62.9% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.
Currently, the analyst consensus on Metlife is a Hold with an average price target of $52, a 16.3% upside from current levels. In a report issued on November 2, UBS also maintained a Hold rating on the stock with a $46 price target.
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Based on Metlife’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $16.58 billion and net profit of $912 million. In comparison, last year the company earned revenue of $16.24 billion and had a GAAP net loss of $81 million.
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MetLife, Inc. provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner’s insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services.
