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Franklin Resources (NYSE:BEN)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Monday. They currently have a $60.00 price target on the stock, up from their previous price target of $58.00. Deutsche Bank’s target price would suggest a potential upside of 4.66% from the company’s current price.

Shares of Franklin Resources (NYSE:BEN) traded up 0.42% during mid-day trading on Monday, hitting $57.33. 881,070 shares of the company’s stock traded hands. Franklin Resources has a one year low of $45.06 and a one year high of $58.87. The stock has a 50-day moving average of $56.67 and a 200-day moving average of $54.56. The company has a market cap of $35.985 billion and a P/E ratio of 16.27.

Franklin Resources (NYSE:BEN) last announced its earnings results on Monday, April 28th. The company reported $0.89 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $2.69 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $3.77 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Franklin Resources from $60.00 to $63.00 in a research note on Monday. They now have a “market perform” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Franklin Resources from $57.00 to $59.00 in a research note on Thursday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Franklin Resources from $58.00 to $61.00 in a research note on Tuesday, July 1st. They now have a “neutral” rating on the stock. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $60.25.

Franklin Resources, Inc (NYSE:BEN) is a holding company.

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