Franklin Resources PT Raised to $164.00 (BEN)
Equities research analysts at Stifel Nicolaus upped their price target on shares of Franklin Resources (NYSE: BEN) from $155.00 to $164.00 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
BEN has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Franklin Resources in a research note to investors on Tuesday, February 12th. They now have a $149.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Franklin Resources from $153.00 to $158.00 in a research note to investors on Monday, February 4th. They now have an “overweight” rating on the stock.
Eight analysts have rated the stock with a buy rating, two have given an overweight rating, eleven have given a hold rating, and one has issued an underweight rating to the company. Franklin Resources presently has a consensus rating of “overweight” and a consensus price target of $151.58.
Franklin Resources opened at 147.96 on Tuesday. Franklin Resources has a 1-year low of $100.91 and a 1-year high of $148.00. The stock’s 50-day moving average is currently $140.7. The company has a market cap of $31.446 billion and a price-to-earnings ratio of 16.14.
Franklin Resources last released its earnings data on Friday, February 1st. The company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.05. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the company posted $2.20 earnings per share. Franklin Resources’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Franklin Resources will post $9.95 earnings per share for the current fiscal year.
Franklin Resources, Inc. (Franklin) is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names.
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