Raymond James slashes price target on MetLife Inc. [MET] – find out why.

MetLife Inc. [NYSE: MET] closed the trading session at $72.77 on 11/09/22. The day’s price range saw the stock hit a low of $72.485, while the highest price level was $73.72. The company report on November 7, 2022 that MetLife, New York Jets and New York Giants Team up for Online Auctions to Support Students in Tri-State Area.

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Fans to bid on one-of-a-kind experiences and authentic merchandise to benefit Year Up New York | New Jersey and the New York City Police Foundation’s Far Rockaway Giants and Harlem Giants.

MetLife, along with the New York Giants and New York Jets, has kicked off online auctions to support programs that help students better prepare for their futures. As part of MetLife’s “Inside the Huddle” initiative, the auctions will help raise funds to benefit Year Up New York | New Jersey and the New York City Police (NYPD) Foundation’s Far Rockaway Giants and Harlem Giants.

The stocks have a year to date performance of 16.45 percent and weekly performance of -1.09 percent. The stock has been moved at 13.49 percent over the last six months. The stock has performed 14.92 percent around the most recent 30 days and changed 9.12 percent over the most recent 3-months.

If compared to the average trading volume of 4.28M shares, MET reached to a volume of 3513765 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about MetLife Inc. [MET]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MET shares is $79.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MET stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for MetLife Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 22, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price from $70 to $74. The new note on the price target was released on June 23, 2022, representing the official price target for MetLife Inc. stock. Previously, the target price had yet another raise to $77, while Citigroup analysts kept a Buy rating on MET stock.

The Average True Range (ATR) for MetLife Inc. is set at 1.65, with the Price to Sales ratio for MET stock in the period of the last 12 months amounting to 0.84. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 26.02. Price to Free Cash Flow for MET in the course of the last twelve months was 4.22.

MET stock trade performance evaluation

MetLife Inc. [MET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.09. With this latest performance, MET shares gained by 14.92% in over the last four-week period, additionally plugging by 13.49% over the last 6 months – not to mention a rise of 15.56% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MET stock in for the last two-week period is set at 64.37, with the RSI for the last a single of trading hit 62.52, and the three-weeks RSI is set at 63.23 for MetLife Inc. [MET]. The present Moving Average for the last 50 days of trading for this stock 66.77, while it was recorded at 73.47 for the last single week of trading, and 66.20 for the last 200 days.

MetLife Inc. [MET]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MetLife Inc. [MET] shares currently have an operating margin of +10.97. MetLife Inc.’s Net Margin is presently recorded at +9.41.

Return on Equity for this stock inclined to 9.23, with Return on Assets sitting at 0.84.

Earnings per share (EPS) analysis for MetLife Inc. [MET] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MetLife Inc. go to -0.43%.

MetLife Inc. [MET]: Insider Ownership positions

There are presently around $42,736 million, or 75.00% of MET stock, in the hands of institutional investors. The top three institutional holders of MET stocks are: BLACKROCK INC. with ownership of 62,660,874, which is approximately -10.722% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 57,074,015 shares of the stock with an approximate value of $4.15 billion in MET stocks shares; and DODGE & COX, currently with $4.15 billion in MET stock with ownership of nearly -2.495% of the company’s market capitalization.

Positions in MetLife Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 561 institutional holders increased their position in MetLife Inc. [NYSE:MET] by around 31,373,177 shares. Additionally, 545 investors decreased positions by around 39,884,761 shares, while 193 investors held positions by with 516,021,921 shares. The mentioned changes placed institutional holdings at 587,279,859 shares, according to the latest SEC report filing. MET stock had 99 new institutional investments in for a total of 4,706,472 shares, while 107 institutional investors sold positions of 3,909,661 shares during the same period.


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