Focus Financial Partners Inc (NASDAQ:FOCS) has been assigned an average broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Brokers have set a 1-year consensus target price of $43.50 for the company and are predicting that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Focus Financial Partners an industry rank of 100 out of 255 based on the ratings given to its competitors.
FOCS has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “market perform” rating for the company. BMO Capital Markets reiterated a “buy” rating and issued a $49.00 price target on shares of Focus Financial Partners in a research note on Friday, August 24th. Goldman Sachs Group assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective on the stock.
Shares of FOCS stock traded down $0.69 during trading hours on Friday, reaching $40.56. The company had a trading volume of 265,742 shares, compared to its average volume of 328,065. Focus Financial Partners has a one year low of $35.01 and a one year high of $49.51. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of -2.00.
Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings results on Tuesday, August 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $231.44 million during the quarter, compared to the consensus estimate of $224.60 million. As a group, sell-side analysts anticipate that Focus Financial Partners will post 1.16 EPS for the current year.
In other Focus Financial Partners news, Director Deborah D. Mcwhinney acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were bought at an average price of $33.00 per share, with a total value of $99,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Focus Financial Partners Company Profile
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.
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