.png "T Rowe Price (NASDAQ: TROW)")
In a report released today, Brian Bedell from Deutsche Bank maintained a Hold rating on T Rowe Price (NASDAQ: TROW), with a price target of $112. The company’s shares opened today at $98.51.
According to TipRanks.com, Bedell is a 4-star analyst with an average return of 4.8% and a 52.6% success rate. Bedell covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, Affiliated Managers, and State Street Corp.
T Rowe Price has an analyst consensus of Hold, with a price target consensus of $125.57, implying a 27.5% upside from current levels. In a report issued on October 8, UBS also maintained a Hold rating on the stock with a $121 price target.
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Based on T Rowe Price’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.35 billion and net profit of $438 million. In comparison, last year the company had a net profit of $382 million.
Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock.
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.
T. Rowe Price Group, Inc. is a financial services holding company, which engages in the provision of investment management services through its subsidiaries.
