Broadridge Financial Solutions Inc. Sets New 1-Year High at $33.25 (BR)
Broadridge Financial Solutions (NYSE:BR) set a new 52-week high during trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $33.25 and last traded at $32.93, with a volume of 371,247 shares. The stock had previously closed at $32.80.
A number of analysts have recently weighed in on BR shares. Analysts at JPMorgan Chase & Co. downgraded shares of Broadridge Financial Solutions from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, August 14th. They now have a $32.00 price target on the stock, up previously from $31.00. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Broadridge Financial Solutions from $29.00 to $34.00 in a research note to investors on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Broadridge Financial Solutions has an average rating of “Hold” and an average price target of $30.25.
Broadridge Financial Solutions has a one year low of $21.46 and a one year high of $33.25. The stock’s 50-day moving average is $31.29 and its 200-day moving average is $28.13. The company has a market cap of $3.934 billion and a price-to-earnings ratio of 19.41.
Broadridge Financial Solutions (NYSE:BR) last released its earnings data on Thursday, August 8th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.08. The company had revenue of $865.00 million for the quarter, compared to the consensus estimate of $815.84 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions will post $2.05 earnings per share for the current fiscal year.
Broadridge Financial Solutions, Inc (NYSE:BR) is a global provider of investor communications and technology-driven solutions to banks/broker-dealers, mutual funds and corporate issuers.
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