Franklin Resources Price Target Raised to $65.00 at Sandler O’Neill (BEN)
Equities research analysts at Sandler O’Neill boosted their price target on shares of Franklin Resources (NYSE:BEN) from $61.00 to $65.00 in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Sandler O’Neill’s price target would indicate a potential upside of 19.27% from the stock’s previous close.
A number of other firms have also recently commented on BEN. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Franklin Resources from $58.00 to $62.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Franklin Resources from $59.00 to $62.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Susquehanna raised their price target on shares of Franklin Resources from $58.00 to $60.00 in a research note to investors on Tuesday, October 15th. They now have a “positive” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Franklin Resources has an average rating of “Buy” and an average target price of $120.13.
Shares of Franklin Resources (NYSE:BEN) opened at 54.50 on Friday. Franklin Resources has a 1-year low of $41.0033 and a 1-year high of $56.54. The stock has a 50-day moving average of $47.79 and a 200-day moving average of $49.36. The company has a market cap of $34.618 billion and a price-to-earnings ratio of 16.35.
Franklin Resources (NYSE:BEN) last released its earnings data on Thursday, October 24th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.06. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company posted $2.31 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $3.76 earnings per share for the current fiscal year.
Franklin Resources, Inc (NYSE:BEN) is a holding company.
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