Federated Investors Stock Rating Reaffirmed by Zacks (FII)
Federated Investors (NYSE:FII)‘s stock had its “underperform” rating reissued by Zacks in a report released on Tuesday. They currently have a $28.00 price target on the stock. Zacks‘s target price would indicate a potential downside of 8.77% from the stock’s previous close.
Zacks’ analyst wrote, “Federated’s second-quarter 2014 earnings came in line with the Zacks Consensus Estimate. However, the results were below the prior-year figure. Lower expenses and higher equity assets were among the positives while declining top line along with fall in assets under management (AUM) were the negatives in the quarter. The company with its moderately liquid balance sheet and a diversified asset as well as product mix has good growth prospects going forward. However, the declining revenues remain a major cause for concern. Also, reduction in AUM may weigh on the company’s future growth. Moreover, stringent regulatory pressures, slow global economic growth and a low interest rate environment are expected to keep Federated’s earnings under pressure in the coming quarters.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of Federated Investors in a research note on Thursday, August 21st. They set a “buy” rating and a $35.00 price target on the stock. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.75.
Shares of Federated Investors (NYSE:FII) traded up 1.21% on Tuesday, hitting $31.06. 258,038 shares of the company’s stock traded hands. Federated Investors has a 52-week low of $25.50 and a 52-week high of $31.48. The stock’s 50-day moving average is $29.56 and its 200-day moving average is $29.03. The company has a market cap of $3.131 billion and a price-to-earnings ratio of 21.31.
Federated Investors (NYSE:FII) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that Federated Investors will post $1.44 earnings per share for the current fiscal year.
In other Federated Investors news, CFO Thomas R. Donahue sold 60,000 shares of Federated Investors stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $30.54, for a total value of $1,832,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Federated Investors, Inc(NYSE:FII)is a provider of investment management products and related financial services.
To view Zacks’ full report, visit Zacks’ official website.
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