T. Rowe Price Group PT Lowered to $87.00 (TROW)
BMO Capital Markets decreased their target price on shares of T. Rowe Price Group (NASDAQ:TROW) to $87.00 in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 3.81% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of T. Rowe Price Group from $81.50 to $85.00 in a research note to investors on Tuesday. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of T. Rowe Price Group from $80.00 to $90.00 in a research note to investors on Friday, January 10th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of T. Rowe Price Group in a research note to investors on Thursday, January 9th. They now have a $88.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $82.32.
Shares of T. Rowe Price Group (NASDAQ:TROW) traded down 0.50% on Friday, hitting $83.39. The stock had a trading volume of 1,097,670 shares. T. Rowe Price Group has a 52 week low of $68.01 and a 52 week high of $84.41. The stock’s 50-day moving average is $81.78 and its 200-day moving average is $76.72. The company has a market cap of $21.757 billion and a P/E ratio of 22.58.
T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters 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 $3.87 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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