In a report issued on July 11, Daniel Fannon from Jefferies reiterated a Hold rating on Federated Investors (NYSE: FII), with a price target of $25. The company’s shares closed yesterday at $23.33, close to its 52-week low of $22.82.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 16.0% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, E*Trade Financial, and Virtu Financial.
Currently, the analyst consensus on Federated Investors is a Moderate Sell with an average price target of $27.33.
Federated Investors’ market cap is currently $2.37B and has a P/E ratio of 7.78. The company has a Price to Book ratio of 2.96.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock.
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Federated Investors, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment related services to various investment products, including mutual funds and separate accounts.