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Manning & Napier (NYSE:MN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday, American Banking News reports. They currently have a $14.50 price target on the stock. Zacks‘ target price points to a potential downside of 4.73% from the company’s current price.

Shares of Manning & Napier (NYSE:MN) traded down 1.12% on Wednesday, hitting $15.05. 70,876 shares of the company’s stock traded hands. Manning & Napier has a one year low of $14.43 and a one year high of $20.45. The stock’s 50-day moving average is $16.86 and its 200-day moving average is $16.90. The company has a market cap of $205.2 million and a P/E ratio of 76.10.

Manning & Napier (NYSE:MN) last released its earnings data on Wednesday, February 12th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.03. The company had revenue of $98.20 million for the quarter, compared to the consensus estimate of $97.66 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts predict that Manning & Napier will post $1.22 earnings per share for the current fiscal year.

MN has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus downgraded shares of Manning & Napier from a “hold” rating to an “underperform” rating in a research note on Friday, February 14th. They now have a $18.00 price target on the stock, up previously from $17.00. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Manning & Napier from $19.00 to $20.00 in a research note on Friday, January 10th. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.42.

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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