Franklin Resources Given Average Rating of “Hold” by Brokerages (NYSE:BEN)
Shares of Franklin Resources (NYSE:BEN) have been given an average rating of “Hold” by the thirteen brokerages that are currently covering the stock, AnalystRatingsNetwork reports. Seven analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $60.83.
BEN has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Franklin Resources from $62.00 to $65.00 in a research note on Tuesday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Franklin Resources in a research note on Monday. They now have a $60.00 price target on the stock, up previously from $58.00. Finally, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Franklin Resources in a research note on Monday. They now have a $63.00 price target on the stock, up previously from $60.00.
Shares of Franklin Resources (NYSE:BEN) traded up 0.54% during mid-day trading on Tuesday, hitting $57.64. The stock had a trading volume of 149,671 shares. Franklin Resources has a 52-week low of $45.06 and a 52-week high of $58.87. The stock has a 50-day moving average of $56.74 and a 200-day moving average of $54.54. The company has a market cap of $36.180 billion and a P/E ratio of 16.34.
Franklin Resources (NYSE:BEN) last announced its earnings results on Monday, April 28th. The company reported $0.89 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $2.69 earnings per share. Franklin Resources’s revenue was up 4.1% compared to the same quarter last year. On average, analysts predict that Franklin Resources will post $3.77 earnings per share for the current fiscal year.
Franklin Resources, Inc (NYSE:BEN) is a holding company.
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