Federated Investors PT Raised to $29.00 (FII)
Stock analysts at Keefe, Bruyette & Woods lifted their price target on shares of Federated Investors (NYSE:FII) from $28.00 to $29.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 1.01% from the company’s current price.
A number of other analysts have also recently weighed in on FII. Analysts at Argus initiated coverage on shares of Federated Investors in a research note to investors on Friday, January 3rd. They set a “buy” rating and a $33.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Federated Investors in a research note to investors on Thursday, December 19th. They now have a $29.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “sell” rating on shares of Federated Investors in a research note to investors on Monday, October 28th. They now have a $19.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.46.
Shares of Federated Investors (NYSE:FII) opened at 29.63 on Friday. Federated Investors has a 52 week low of $21.76 and a 52 week high of $30.87. The stock’s 50-day moving average is $27.65 and its 200-day moving average is $27.95. The company has a market cap of $2.983 billion and a P/E ratio of 18.11.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. The company had revenue of $211.86 million for the quarter, compared to the consensus estimate of $216.30 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. On average, analysts predict that Federated Investors will post $1.54 earnings per share for the current fiscal year.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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