Manning & Napier Given New $20.00 Price Target at JPMorgan Chase & Co. (MN)
JPMorgan Chase & Co. boosted their price target on shares of Manning & Napier (NYSE:MN) from $18.50 to $20.00 in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 23.00% from the stock’s previous close.
Shares of Manning & Napier (NYSE:MN) traded down 1.16% on Tuesday, hitting $16.26. The stock had a trading volume of 54,987 shares. Manning & Napier has a 1-year low of $11.89 and a 1-year high of $20.45. The stock has a 50-day moving average of $16.18 and a 200-day moving average of $17.4. The company has a market cap of $221.7 million and a P/E ratio of 117.50.
Manning & Napier (NYSE:MN) last released its earnings data on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.30. The company had revenue of $92.97 million for the quarter, compared to the consensus estimate of $93.01 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Manning & Napier will post $1.18 EPS for the current fiscal year.
MN has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Manning & Napier from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $15.40 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of Manning & Napier in a research note to investors on Tuesday, July 16th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.05.
Manning & Napier, Inc is an independent investment management firm. The Company provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds.
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