Aflac Incorporated (NYSE:AFL) is one of the best performers on the stock market today. At current price of $33.6, the shares have already added 4.49 points (15.42% higher) from its previous close of $29.11. Should you buy or avoid them? The stock sets an active trading volume day with a reported 2829875 contracts so far this session. AFL shares had a relatively better volume day versus average trading capacity of 4.16 million shares, but with a 0.67 billion float and a -3.45% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AFL stock indicates that the average analyst price target is $49.38 per share. This means the stock has a potential increase of 46.96% from where the AFL share price has been trading recently.
During the recent trading session for Aflac Incorporated (NYSE:AFL), the company witnessed their stock rise $7.55 over a week and tumble down $-13.73 from the price 20 days ago. When compared to their established 52-week high of $57.18, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 07/15/19. The recent low of $23.07 stood for a -41.24% since 03/18/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.24 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Aflac Incorporated, the two-week RSI stands at 43.98. This figure suggests that AFL stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AFL readings is similarly very revealing as it has a stochastic reading of 32.22% at this stage. This figure means that AFL share price today is being neutral.
Technical chart claims that Aflac Incorporated (AFL) would settle between $29.99/share to $30.88/share level. However, if the stock price goes below the $27.45 mark, then the market for Aflac Incorporated becomes much weaker. If that happens, the stock price might even plunge as low as $25.8 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.28. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts raised their recommendation on shares of AFL from Underperform to Sector Perform in their opinion released on March 20. Raymond James analysts have lowered their rating of Aflac Incorporated (NYSE:AFL) stock from Strong Buy to Outperform in a separate flash note issued to investors on July 29. Analysts at Evercore ISI lowered the stock to a Underperform call from its previous In-line recommendation, in a research note that dated back to July 16.
AFL equity has an average rating of 3, with the figure leaning towards a bullish end. 14 analysts who tracked the company were contacted by Reuters. Amongst them, 8 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated Aflac Incorporated (NYSE:AFL) as a buy or a strong buy while 3 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, AFL stock price is currently trading at 6.29X forward 12-month Consensus EPS estimates, and its P/E ratio is 6.6 while for the average stock in the same group, the multiple is 5.5. Aflac Incorporated current P/B ratio of 0.7 means it is trading at a premium against its industry’s 0.6.