Broadridge Financial Solutions Rating Reiterated by JPMorgan Chase & Co. (BR)
Broadridge Financial Solutions (NYSE:BR)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a $45.00 price objective on the stock, up from their previous price objective of $41.00. JPMorgan Chase & Co.’s price target would suggest a potential upside of 11.30% from the stock’s previous close.
Separately, analysts at Raymond James initiated coverage on shares of Broadridge Financial Solutions in a research note on Wednesday, July 23rd. They set an “outperform” rating and a $46.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.00.
Broadridge Financial Solutions (NYSE:BR) traded down 0.32% on Wednesday, hitting $40.30. The stock had a trading volume of 463,357 shares. Broadridge Financial Solutions has a 1-year low of $29.22 and a 1-year high of $42.32. The stock has a 50-day moving average of $40.89 and a 200-day moving average of $38.86. The company has a market cap of $4.817 billion and a price-to-earnings ratio of 19.07.
Broadridge Financial Solutions (NYSE:BR) last released its earnings data on Thursday, August 7th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. The company had revenue of $885.90 million for the quarter, compared to the consensus estimate of $878.70 million. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that Broadridge Financial Solutions will post $2.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.21.
Broadridge Financial Solutions, Inc (NYSE:BR) is a global provider of investor communications and technology-driven solutions to banks/broker-dealers, mutual funds and corporate issuers.
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