Franklin Resources PT Raised to $64.00 at Keefe, Bruyette & Woods (BEN)
Investment analysts at Keefe, Bruyette & Woods boosted their price objective on shares of Franklin Resources (NYSE:BEN) from $63.00 to $64.00 in a note issued to investors on Thursday. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 19.27% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of Franklin Resources from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $59.00 price target on the stock, down previously from $61.00. Separately, 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, July 15th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.54.
Franklin Resources (NYSE:BEN) traded down 0.90% on Thursday, hitting $53.66. 2,279,571 shares of the company’s stock traded hands. Franklin Resources has a 1-year low of $45.06 and a 1-year high of $58.87. The stock’s 50-day moving average is $57.1 and its 200-day moving average is $54.57. The company has a market cap of $33.553 billion and a price-to-earnings ratio of 15.17.
Franklin Resources (NYSE:BEN) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.03. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $3.74 earnings per share for the current fiscal year.
Franklin Resources, Inc (NYSE:BEN) is a holding company.
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