Zacks Reiterates Hold Rating for Manning & Napier (MN)
Manning & Napier (NYSE:MN)‘s stock had its “hold” rating reiterated by Zacks in a report issued on Wednesday, Analyst Ratings Net reports. They currently have a $15.40 target price on the stock. Zacks‘ price objective suggests a potential downside of 5.75% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Manning & Napier from $18.00 to $19.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Manning & Napier from $18.50 to $20.00 in a research note to investors on Tuesday. They now have a “neutral” rating 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $18.18.
Manning & Napier (NYSE:MN) traded up 0.49% on Wednesday, hitting $16.34. 35,369 shares of the company’s stock traded hands. Manning & Napier has a 52 week low of $11.89 and a 52 week high of $20.45. The stock’s 50-day moving average is $16.17 and its 200-day moving average is $17.40. The company has a market cap of $222.8 million and a price-to-earnings ratio of 116.14.
Manning & Napier (NYSE:MN) last released its earnings data on Wednesday, July 31st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts predict that Manning & Napier will post $1.18 earnings per share for the current fiscal year.
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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