T. Rowe Price Group Given Average Rating of “Hold” by Analysts (NASDAQ:TROW)
T. Rowe Price Group (NASDAQ:TROW) has been given an average rating of “Hold” by the sixteen ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $89.77.
Shares of T. Rowe Price Group (NASDAQ:TROW) traded down 0.25% during mid-day trading on Thursday, hitting $80.46. 135,554 shares of the company’s stock traded hands. T. Rowe Price Group has a 52-week low of $69.90 and a 52-week high of $85.74. The stock’s 50-day moving average is $79.9 and its 200-day moving average is $81.16. The company has a market cap of $21.165 billion and a P/E ratio of 18.67.
T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 15.2% 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.
A number of research firms have recently commented on TROW. Analysts at Susquehanna reiterated a “neutral” rating on shares of T. Rowe Price Group in a research note on Friday, August 15th. They now have a $80.00 price target on the stock, down previously from $86.00. Separately, 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. Finally, 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.
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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