Metlife Inc. (NYSE: MET) has reported earnings for its second fiscal quarter (ending June 30) of $1.28 versus $0.48 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.73 compared to $3.86 a year ago.
Recent Price Action
Metlife Inc. (NYSE: MET) stock closed at $76.85 on 7/31/24 after a slight gain of 0.1%. Moreover, this advance was accompanied by above average trading volume at 125% of normal. The stock has risen 2.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MET is expected to continue to be a major Value Builder.
Metlife has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Metlife has a slightly negative Appreciation Score of 38 but a good Power Rating of 70, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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