Shares of Franklin Resources, Inc. (NYSE:BEN – Get Free Report) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $32.4444.
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Franklin Resources from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group upped their target price on shares of Franklin Resources from $30.50 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Barclays raised their target price on shares of Franklin Resources from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Evercore reiterated an “underperform” rating and issued a $35.00 price target on shares of Franklin Resources in a report on Friday, July 10th. Finally, Zacks Research upgraded shares of Franklin Resources from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd.
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Institutional Investors Weigh In On Franklin Resources
Franklin Resources Stock Performance
NYSE:BEN opened at $34.62 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.22. Franklin Resources has a 12-month low of $21.10 and a 12-month high of $36.28. The stock has a 50-day moving average price of $33.55 and a 200 day moving average price of $29.79. The stock has a market capitalization of $17.59 billion, a P/E ratio of 23.55, a P/E/G ratio of 0.69 and a beta of 1.55.
Franklin Resources (NYSE:BEN – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The closed-end fund reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Franklin Resources had a return on equity of 11.55% and a net margin of 8.72%.The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts forecast that Franklin Resources will post 2.88 EPS 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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