Manning & Napier PT Raised to $20.00 (MN)
Equities research analysts at Keefe, Bruyette & Woods upped their target price on shares of Manning & Napier (NYSE:MN) from $19.00 to $20.00 in a research note issued to investors on Friday, Analyst Ratings Network.com reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 13.57% from the stock’s previous close.
Shares of Manning & Napier (NYSE:MN) opened at 17.61 on Friday. Manning & Napier has a one year low of $13.14 and a one year high of $20.45. The stock’s 50-day moving average is $17.58 and its 200-day moving average is $17.08. The company has a market cap of $240.1 million and a P/E ratio of 144.50.
Manning & Napier (NYSE:MN) last announced its earnings results on Wednesday, October 30th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.30. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $91.76 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 10.8% 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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