T. Rowe Price Group Given Average Rating of “Hold” by Brokerages (NASDAQ:TROW)
T. Rowe Price Group (NASDAQ:TROW) has been given an average rating of “Hold” by the sixteen brokerages that are presently covering the stock, AnalystRatingsNetwork.com reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $89.77.
A number of analysts have recently weighed in on TROW shares. 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.
Shares of T. Rowe Price Group (NASDAQ:TROW) opened at 80.995 on Thursday. T. Rowe Price Group has a one year low of $69.90 and a one year high of $85.74. The stock has a 50-day moving average of $79.72 and a 200-day moving average of $81.17. The company has a market cap of $21.306 billion and a price-to-earnings ratio of 18.70.
T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that T. Rowe Price Group will post $4.60 EPS 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.