At the time of writing, Metlife Inc [MET] stock is trading at $73.13, down -0.60%. An important factor to consider is whether the stock is rising or falling in short-term value. The MET shares have lost -1.07% over the last week, with a monthly amount glided 3.77%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Metlife Inc [NYSE: MET] stock has seen the most recent analyst activity on January 08, 2024, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $80 for it. On October 05, 2023, Deutsche Bank initiated with a Hold rating and assigned a price target of $71 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $72 on September 14, 2023. Goldman downgraded its rating to a Neutral and reduced its price target to $78 on January 09, 2023. Jefferies downgraded its rating to Hold for this stock on December 09, 2022, and downed its price target to $82. In a note dated September 22, 2022, Raymond James initiated an Mkt Perform rating.
For the past year, the stock price of Metlife Inc fluctuated between $48.95 and $74.39. Currently, Wall Street analysts expect the stock to reach $84.73 within the next 12 months. Metlife Inc [NYSE: MET] shares were valued at $73.13 at the most recent close of the market. An investor can expect a potential return of 15.86% based on the average MET price forecast.
Analyzing the MET fundamentals
According to Metlife Inc [NYSE:MET], the company’s sales were 66.91B for trailing twelve months, which represents an 16.62% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.05 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.39 points at the first support level, and at 71.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.27, and for the 2nd resistance point, it is at 75.41.
Ratios To Look Out For
It is important to note that Metlife Inc [NYSE:MET] has a current ratio of 3.91. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 1.78 and price to earnings (TTM) ratio is 39.97.
Transactions by insiders
Recent insider trading involved PAPPAS BILL, EVP, Global Tech. & Ops., that happened on Mar 18 ’24 when 27000.0 shares were sold. President, U.S. Business, TADROS RAMY completed a deal on Mar 13 ’24 to sell 4026.0 shares. Meanwhile, President & CEO Khalaf Michel sold 20460.0 shares on Feb 05 ’24.
