Shares of Franklin Resources, Inc. (NYSE:BEN – Get Free Report) have been assigned a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.4444.
Several research analysts have recently weighed in on BEN shares. Evercore restated an “underperform” rating and set a $35.00 target price on shares of Franklin Resources in a report on Friday, July 10th. JPMorgan Chase & Co. increased their price target on Franklin Resources from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded Franklin Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Zacks Research raised Franklin Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group upped their target price on Franklin Resources from $30.50 to $34.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.
Institutional Investors Weigh In On Franklin Resources
Franklin Resources Price Performance
Shares of NYSE BEN opened at $34.04 on Tuesday. The firm has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $29.69. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.55. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.22. Franklin Resources has a 52 week low of $21.10 and a 52 week high of $36.28.
Franklin Resources (NYSE:BEN – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The closed-end fund reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Franklin Resources had a net margin of 8.72% and a return on equity of 11.55%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the previous year, the business posted $0.49 earnings per share. Franklin Resources’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts predict that Franklin Resources will post 2.88 earnings per share for the current fiscal year.
About Franklin Resources
Franklin Resources, Inc, doing business as Franklin Templeton, is a global investment management organization that offers a wide range of asset management solutions to institutional and individual investors. The firm’s core focus is on delivering active portfolio management across equities, fixed income, multi-asset strategies and alternative investments. Franklin Templeton’s product lineup includes mutual funds, exchange-traded funds (ETFs), closed-end funds, separately managed accounts and sub-advisory services designed to meet varying risk-return objectives and income needs.
Founded in 1947 by Rupert H.
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