Federated Investors Earns Buy Rating from Analysts at Jefferies Group (FII)
Equities research analysts at Jefferies Group began coverage on shares of Federated Investors (NYSE:FII) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $35.00 price target on the stock. Jefferies Group’s price objective points to a potential upside of 16.12% from the stock’s previous close.
Shares of Federated Investors (NYSE:FII) opened at 30.14 on Thursday. Federated Investors has a 52 week low of $25.50 and a 52 week high of $31.48. The stock has a 50-day moving average of $29. and a 200-day moving average of $28.83. The company has a market cap of $3.038 billion and a P/E ratio of 20.63.
Federated Investors (NYSE:FII) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.01. The company had revenue of $213.00 million for the quarter, compared to the consensus estimate of $213.13 million. During the same quarter last year, the company posted $0.39 earnings per share. Federated Investors’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that Federated Investors will post $1.44 earnings per share for the current fiscal year.
FII has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Federated Investors in a research note on Monday, July 28th. They now have a $30.00 price target on the stock, down previously from $33.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Federated Investors from $30.00 to $28.00 in a research note on Monday, July 28th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Federated Investors from $30.00 to $38.00 in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Federated Investors presently has a consensus rating of “Hold” and an average price target of $28.83.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
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