Franklin Resources Receives Average Rating of “Hold” from Brokerages (NYSE:BEN)
Franklin Resources (NYSE:BEN) has been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the company, Stock Ratings Network.com reports. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $60.83.
Franklin Resources (NYSE:BEN) opened at 57.56 on Tuesday. Franklin Resources has a 52-week low of $45.06 and a 52-week high of $58.87. The stock’s 50-day moving average is $56.94 and its 200-day moving average is $54.59. The company has a market cap of $36.130 billion and a price-to-earnings ratio of 16.16.
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 $3.77 earnings per share for the current fiscal year.
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, July 14th. 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, July 14th. They now have a $63.00 price target on the stock, up previously from $60.00.
Franklin Resources, Inc (NYSE:BEN) is a holding company.
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