Company Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Joins Hands with HKUST for the Second Annual Business Amazing Race

[PR Newswire] – HONG KONG, May 25, 2016 /PRNewswire/ — MetLife Hong Kong*, a wholly-owned subsidiary of MetLife, Inc., the #1 U.S. life insurer^, joined hands with the Hong Kong University of Science and Technology (“HKUST”) … Read more on this. MetLife, Inc. (MET) , with a current market cap of $50.53B, began trading this morning at $45.60. Looking at today’s market, MET one day range is $45.51 to $46.01 with a one year range of $35.00 to $58.23. MetLife (MET) shares are currently priced at 8.34x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.45x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.60 per share annually in dividends, yielding 3.60%. According to a consensus of 15 analysts, the earnings estimate of $1.39 per share would be $0.17 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $5.43, which would be a $0.57 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.33 Billion. If realized, that would be a 0.17% decrease over the year-ago quarter. Recently, Raymond James upgraded MET from Mkt Perform to Strong Buy (Jan 22, 2016). Previously, Macquarie upgraded MET from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $51.00, which is 11.84% above than it opened this morning. See more in (NYSE:MET) Similar Articles: Market Update (NYSE:MET): MetLife Hong Kong Awarded “Caring Company” Company Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Achieves Strong Agent Productivity Fueling Solid Business Growth Market Update: MetLife Inc (NYSE:MET) – MetLife Hong Kong Celebrates 18% YoY Business Growth