Federated Investors Stock Rating Reaffirmed by Credit Suisse (FII)
Federated Investors (NYSE:FII)‘s stock had its “sell” rating reaffirmed by Credit Suisse in a research note issued on Tuesday, American Banking and Market News reports. They currently have a $19.00 price target on the stock. Credit Suisse’s price objective indicates a potential downside of 27.20% from the stock’s previous close.
Federated Investors (NYSE:FII) traded down 1.81% on Tuesday, hitting $26.10. The stock had a trading volume of 358,845 shares. Federated Investors has a one year low of $18.28 and a one year high of $30.87. The stock has a 50-day moving average of $27.47 and a 200-day moving average of $26.80. The company has a market cap of $2.629 billion and a P/E ratio of 14.85.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters 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 in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts expect that Federated Investors will post $1.56 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Federated Investors from $21.50 to $24.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.19.
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.