Market Update: MetLife Inc (NYSE:MET) – MetLife Releases Latest Corporate Responsibility Report

[Business Wire] – MetLife, Inc. today announced the release of the company’s latest corporate responsibility report, highlighting the positive impact the company makes on society and establishing goals for future activities. Read more on this. MetLife, Inc. (MET) , valued at $46.95B, started the session at $42.79. During the trading session, MET traded between $42.21 to $42.96 and has traded between $35.00 and $58.23 over the past year. MET shares are currently priced at 7.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.36x earnings multiple for the same period. And for income investors, the company pays shareholders $1.60 per share annually in dividends, yielding 3.79%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.39 per share, which would be $0.17 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.45 would be a $0.59 better when compared to the previous year’s annual results. 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. With the above information in mind, readers should note that the average price target is $51.00, which is 19.19% above where the stock opened this morning. See more in (NYSE:MET) Similar Articles: Stock Update (NYSE:MET): MetLife Boosts Employee Wellness with Global Corporate Challenge Market Update (NYSE:MET): MetLife Announces Corporate Governance Enhancement Market Update: MetLife Inc (NYSE:MET) – MetLife Recognized as Highest Ranking Insurer for Commitment to Supplier Diversity