Globe Life Inc [GL] stock prices are up 1.29% to $106.78 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GL shares have gain 2.42% over the last week, with a monthly amount drifted -2.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Globe Life Inc [NYSE: GL] stock has seen the most recent analyst activity on October 09, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $150. Previously, Keefe Bruyette upgraded its rating to Outperform on April 24, 2024, and dropped its price target to $110. On October 31, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $137 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight but stick to its price target of $131 on August 18, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $120 as its price target on April 25, 2023. Evercore ISI downgraded its rating to In-line for this stock on October 28, 2022, and downed its price target to $114. In a note dated September 22, 2022, Raymond James initiated an Strong Buy rating and provided a target price of $138 on this stock.
The stock price of Globe Life Inc [GL] has been fluctuating between $38.95 and $132.00 over the past year. Currently, Wall Street analysts expect the stock to reach $103.71 within the next 12 months. Globe Life Inc [NYSE: GL] shares were valued at $106.78 at the most recent close of the market. An investor can expect a potential drop of -2.88% based on the average GL price forecast.
Analyzing the GL fundamentals
The Globe Life Inc [NYSE:GL] reported sales of 5.73B for trailing twelve months, representing a surge of 5.15%. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.56%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.22 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 105.05 points at the first support level, and at 103.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 108.04, and for the 2nd resistance point, it is at 109.30.
Ratios To Look Out For
It’s worth pointing out that Globe Life Inc [NYSE:GL]’s Current Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.58, the price to book ratio is 1.94 and price to earnings (TTM) ratio is 9.04.
Transactions by insiders
Recent insider trading involved SVOBODA FRANK M, Co-Chairman & CEO, that happened on Dec 03 ’24 when 14340.0 shares were sold. Co-CEO, Frank M. Svoboda completed a deal on Dec 03 ’24 to buy 16250.0 shares. Meanwhile, Officer Robert Brian Mitchell bought 8000.0 shares on Nov 07 ’24.
