T. Rowe Price Group Receives Average Rating of “Hold” from Analysts (NASDAQ:TROW)
Shares of T. Rowe Price Group (NASDAQ:TROW) have earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, Analyst RN reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $90.38.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of T. Rowe Price Group from $88.00 to $90.00 in a research note on Tuesday, July 15th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of T. Rowe Price Group from $93.00 to $94.00 in a research note on Monday, July 14th. Finally, analysts at Susquehanna raised their price target on shares of T. Rowe Price Group from $85.00 to $86.00 in a research note on Thursday, July 10th. They now have a “neutral” rating on the stock.
Shares of T. Rowe Price Group (NASDAQ:TROW) opened at 81.26 on Friday. T. Rowe Price Group has a one year low of $69.90 and a one year high of $85.74. The stock’s 50-day moving average is $83.05 and its 200-day moving average is $81.49. The company has a market cap of $21.350 billion and a price-to-earnings ratio of 19.77.
T. Rowe Price Group (NASDAQ:TROW) last released its earnings data on Thursday, April 24th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $954.60 million for the quarter, compared to the consensus estimate of $948.36 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts predict that T. Rowe Price Group will post $4.60 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, September 11th.
T. Rowe Price Group, Inc is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.