Franklin Resources’s “Neutral” Rating Reaffirmed at Credit Suisse (BEN)
Franklin Resources (NYSE:BEN)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse in a report issued on Tuesday, Analyst Ratings Net reports. They currently have a $57.00 price target on the stock, down from their previous price target of $58.00. Credit Suisse’s target price indicates a potential upside of 10.74% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill cut their price target on shares of Franklin Resources to $61.00 in a research note on Tuesday. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Franklin Resources from $61.00 to $60.00 in a research note on Tuesday. Finally, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Franklin Resources in a research note on Tuesday, April 15th. They now have a $60.00 price target on the stock, up previously from $59.50. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $104.87.
Franklin Resources (NYSE:BEN) traded up 0.58% on Tuesday, hitting $51.77. 1,046,823 shares of the company’s stock traded hands. Franklin Resources has a 52 week low of $44.2167 and a 52 week high of $58.87. The stock’s 50-day moving average is $52.87 and its 200-day moving average is $53.94. The company has a market cap of $32.659 billion and a P/E ratio of 14.63.
Franklin Resources (NYSE:BEN) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $3.75 earnings per share for the current fiscal year.
Franklin Resources, Inc (NYSE:BEN) is a holding company.
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