At the time of writing, Metlife Inc [MET] stock is trading at $81.78, down -0.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The MET shares have gain 1.65% over the last week, with a monthly amount glided 5.55%, 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 September 05, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $91. Previously, Goldman upgraded its rating to Buy on January 08, 2024, and kept the price target unchanged to $80. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $71 on October 05, 2023. Jefferies upgraded its rating to a Buy and raised its price target to $72 on September 14, 2023. Goldman downgraded its rating to Neutral for this stock on January 09, 2023, and downed its price target to $78. In a note dated December 09, 2022, Jefferies downgraded an Hold rating on this stock and revised its target price from $86 to $82.
For the past year, the stock price of Metlife Inc fluctuated between $57.91 and $82.99. Currently, Wall Street analysts expect the stock to reach $86.69 within the next 12 months. Metlife Inc [NYSE: MET] shares were valued at $81.78 at the most recent close of the market. An investor can expect a potential return of 6.0% based on the average MET price forecast.
Analyzing the MET fundamentals
According to Metlife Inc [NYSE:MET], the company’s sales were 68.77B for trailing twelve months, which represents an 7.22% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.1 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
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 80.87 points at the first support level, and at 79.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 82.52, and for the 2nd resistance point, it is at 83.25.
Ratios To Look Out For
It is important to note that Metlife Inc [NYSE:MET] has a current ratio of 3.97. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 22.07.
Transactions by insiders
Recent insider trading involved Separate Account 149, Affiliate, that happened on Sep 20 ’24 when 27.0 shares were purchased. Affiliate, MetLife Separate Account SPI completed a deal on Sep 20 ’24 to buy 370.0 shares. Meanwhile, Affiliate Separate Account II bought 142.0 shares on Sep 20 ’24.
