Keefe, Bruyette & Woods Increases T. Rowe Price Group Price Target to $90.00 (TROW)
Equities researchers at Keefe, Bruyette & Woods upped their price target on shares of T. Rowe Price Group (NASDAQ:TROW) from $80.00 to $90.00 in a research report issued on Friday, Analyst Ratings News reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.06% from the stock’s previous close.
A number of other firms have also recently commented on TROW. Analysts at Zacks reiterated a “neutral” rating on shares of T. Rowe Price Group in a research note to investors on Thursday. They now have a $88.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 28th. They now have a $90.00 price target on the stock, up previously from $77.00. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $81.76.
T. Rowe Price Group (NASDAQ:TROW) opened at 83.29 on Friday. T. Rowe Price Group has a 1-year low of $67.98 and a 1-year high of $84.34. The stock has a 50-day moving average of $81.38 and a 200-day moving average of $76.33. The company has a market cap of $21.731 billion and a price-to-earnings ratio of 22.61.
T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $884.40 million for the quarter, compared to the consensus estimate of $870.26 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that T. Rowe Price Group will post $3.85 earnings per share for the current fiscal year.
T. Rowe Price Group, Inc is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T.
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