Metlife Inc. (NYSE: MET) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted Metlife Inc. (NYSE: MET): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Metlife has a slightly negative Appreciation Score of 40 but a good Power Rating of 72, with the Neutral Value Trend Rating the result.
Recent Price Action
Metlife Inc. (NYSE: MET) stock closed at $74.43 on 7/15/24 after an increase of 1.4%. However, below average trading volume at 78% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 7.1% during the last week.
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