T. Rowe Price Group’s “Neutral” Rating Reaffirmed at Susquehanna (TROW)
T. Rowe Price Group (NASDAQ:TROW)‘s stock had its “neutral” rating reiterated by analysts at Susquehanna in a research report issued to clients and investors on Friday. They currently have a $80.00 target price on the stock, down from their previous target price of $86.00. Susquehanna’s target price would indicate a potential upside of 1.83% from the company’s current price.
A number of other firms have also recently commented on TROW. Analysts at Zacks reiterated a “neutral” rating on shares of T. Rowe Price Group in a research note on Monday, July 28th. They now have a $84.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of T. Rowe Price Group in a research note on Friday, July 25th. They now have a $88.00 price target on the stock, down previously from $90.00. Finally, 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $89.77.
Shares of T. Rowe Price Group (NASDAQ:TROW) opened at 78.55 on Friday. T. Rowe Price Group has a 52 week low of $69.90 and a 52 week high of $85.74. The stock has a 50-day moving average of $80.97 and a 200-day moving average of $81.04. The company has a market cap of $20.663 billion and a price-to-earnings ratio of 18.19.
T. Rowe Price Group (NASDAQ:TROW) last released its earnings data on Thursday, July 24th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.12 by $0.01. The company had revenue of $984.30 million for the quarter, compared to the consensus estimate of $991.60 million. During the same quarter last year, the company posted $0.92 earnings per share. T. Rowe Price Group’s revenue was up 15.2% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group will post $4.60 earnings per share for the current fiscal year.
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.
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