Evercore ISI analyst Glenn Schorr maintained a Sell rating on Franklin Resources (BEN) today and set a price target of $25.00. The company’s shares closed last Monday at $25.45, close to its 52-week low of $24.73.
According to TipRanks.com, Schorr is a 4-star analyst with an average return of 14.7% and a 66.7% success rate. Schorr covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Apollo Global Management, and Goldman Sachs Group.
Currently, the analyst consensus on Franklin Resources is a Moderate Sell with an average price target of $25.25, which is a -2.5% downside from current levels. In a report issued on January 8, Morgan Stanley also maintained a Sell rating on the stock with a $24.00 price target.
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Franklin Resources’ market cap is currently $12.91B and has a P/E ratio of 11.00. The company has a Price to Book ratio of 1.30.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BEN in relation to earlier this year.
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 Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners.
