In a report released today, Ryan Connors from Boenning & Scattergood maintained a Buy rating on Franklin Electric Co (NASDAQ: FELE), with a price target of $54. The company’s shares opened today at $38.87, close to its 52-week low of $38.45.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 7.5% and a 62.7% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
Currently, the analyst consensus on Franklin Electric Co is a Moderate Buy with an average price target of $54.
See today’s analyst top recommended stocks >>
The company has a one-year high of $51.45 and a one-year low of $38.45. Currently, Franklin Electric Co has an average volume of 107.9K.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Last month, Steven William Aikman, the VP, Global Water Systems Engin of FELE sold 1,500 shares for a total of $75,315.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems and Distribution.
