Barclays Lowers Federated Investors Price Target to $24.00 (FII)
Stock analysts at Barclays decreased their target price on shares of Federated Investors (NYSE:FII) from $29.00 to $24.00 in a report issued on Tuesday, Analyst Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would suggest a potential downside of 12.12% from the company’s current price.
Federated Investors (NYSE:FII) traded up 0.92% on Tuesday, hitting $27.56. 190,570 shares of the company’s stock traded hands. Federated Investors has a 52 week low of $21.92 and a 52 week high of $30.87. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $28.00. The company has a market cap of $2.775 billion and a P/E ratio of 16.89.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.02. The company had revenue of $214.70 million for the quarter, compared to the consensus estimate of $214.57 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. Analysts expect that Federated Investors will post $1.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Wednesday, February 5th.
FII has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Federated Investors from $29.00 to $30.00 in a research note to investors on Monday. Finally, 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. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.92.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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