Federated Investors Price Target Raised to $24.00 at JPMorgan Chase & Co. (FII)
Research analysts at JPMorgan Chase & Co. raised their price target on shares of Federated Investors (NYSE:FII) from $21.50 to $24.00 in a report released on Tuesday, AmericanBankingNews.com reports. JPMorgan Chase & Co.’s target price indicates a potential downside of 8.05% from the company’s current price.
A number of other analysts have also recently weighed in on FII. Analysts at Zacks reiterated a “neutral” rating on shares of Federated Investors in a research note to investors on Tuesday, September 24th. They now have a $28.50 price target on the stock. Separately, analysts at Credit Suisse reiterated a “sell” rating on shares of Federated Investors in a research note to investors on Tuesday, September 17th. They now have a $19.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Federated Investors from $24.00 to $25.00 in a research note to investors on Monday, July 29th. They now have an “underweight” rating on the stock. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $25.19.
Federated Investors (NYSE:FII) traded down 1.81% during mid-day trading on Tuesday, hitting $26.10. The stock had a trading volume of 358,845 shares. Federated Investors has a 52-week low of $18.28 and a 52-week high of $30.87. The stock’s 50-day moving average is $27.47 and its 200-day moving average is $26.80. The company has a market cap of $2.629 billion and a price-to-earnings ratio of 14.85.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.01. The company had revenue of $223.81 million for the quarter, compared to the consensus estimate of $232.50 million. During the same quarter last year, the company posted $0.39 earnings per share. Federated Investors’s revenue was down 3.6% compared to the same quarter last year. Analysts expect that Federated Investors will post $1.56 EPS for the current fiscal year.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.