why Aflac Inc. [AFL] is a Good Choice for Investors After New Price Target of $96.43

Aflac Inc. [NYSE: AFL] loss -0.72% on the last trading session, reaching $109.69 price per share at the time.

If compared to the average trading volume of 2.20M shares, AFL reached a trading volume of 2746454 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Aflac Inc. [AFL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AFL shares is $96.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AFL stock is a recommendation set at 3.12. 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.

Barclays have made an estimate for Aflac Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on Sep-06-24. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $76 to $78. The new note on the price target was released on January 04, 2024, representing the official price target for Aflac Inc. stock. Previously, the target price had yet another raise from $74 to $75, while Morgan Stanley kept a Equal-Weight rating on AFL stock.

The Average True Range (ATR) for Aflac Inc. is set at 1.74, with the Price to Sales ratio for AFL stock in the period of the last 12 months amounting to 3.18. The Price to Book ratio for the last quarter was 2.36. Price to Free Cash Flow for AFL in the course of the last twelve months was 19.15.

Trading performance analysis for AFL stock

Aflac Inc. [AFL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.79. With this latest performance, AFL shares gained by 11.25% in over the last four-week period, additionally plugging by 33.51% over the last 6 months – not to mention a rise of 47.83% 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 AFL stock in for the last two-week period is set at 73.49, with the RSI for the last a single of trading hit 71.18, and the three-weeks RSI is set at 73.60 for Aflac Inc. [AFL]. The present Moving Average for the last 50 days of trading for this stock 98.31, while it was recorded at 109.85 for the last single week of trading, and 87.24 for the last 200 days.

Aflac Inc. [AFL]: A deeper dive into fundamental analysis

Aflac Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.64.

Aflac Inc. [AFL]: An earnings per share (EPS) analysis

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 AFL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Aflac Inc. go to 7.50%.

An analysis of Institutional ownership at Aflac Inc. [AFL]

There are presently around $61.94%, or 68.87%% of AFL stock, in the hands of institutional investors. The top three institutional holders of AFL stocks are: JAPAN POST HOLDINGS CO., LTD. with ownership of 52.3 million shares, which is approximately 9.0975%. VANGUARD GROUP INC, holding 51.2 million shares of the stock with an approximate value of $$4.57 billion in AFL stocks shares; and VANGUARD GROUP INC, currently with $$3.58 billion in AFL stock with ownership which is approximately 6.9683%.

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