TheStreet lowered shares of Federated Hermes (NYSE:FHI) from a b- rating to a c rating in a report published on Friday, TheStreetRatingsTable reports.
A number of other analysts have also recently issued reports on the company. ValuEngine cut Federated Hermes from a hold rating to a sell rating in a research note on Thursday, April 2nd. Deutsche Bank decreased their price target on shares of Federated Hermes from $24.00 to $23.00 and set a hold rating for the company in a research note on Thursday, July 9th. Zacks Investment Research raised shares of Federated Hermes from a sell rating to a hold rating and set a $18.00 price target for the company in a research note on Tuesday, May 19th. JPMorgan Chase & Co. raised shares of Federated Hermes from a neutral rating to an overweight rating and raised their price target for the stock from $23.00 to $27.00 in a research note on Wednesday, May 6th. Finally, Bank of America raised shares of Federated Hermes from an underperform rating to a buy rating in a research note on Thursday, March 26th. One equities research analyst has 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. Federated Hermes currently has a consensus rating of Hold and an average price target of $21.20.
Shares of NYSE:FHI opened at $21.79 on Friday. The company has a 50 day moving average price of $23.43. Federated Hermes has a fifty-two week low of $13.06 and a fifty-two week high of $38.26. The company has a quick ratio of 2.30, a current ratio of 2.69 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2.23 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.26.
Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). Federated Hermes had a return on equity of 28.57% and a net margin of 20.45%. The business had revenue of $359.18 million for the quarter, compared to the consensus estimate of $361.76 million. During the same period in the previous year, the company posted $0.54 earnings per share. Federated Hermes’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities analysts anticipate that Federated Hermes will post 2.51 earnings per share for the current year.
About Federated Hermes
Federated Investors, Inc engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets.
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