In a report released yesterday, Owen Lau from Oppenheimer reiterated a Buy rating on Focus Financial Partners (FOCS), with a price target of $44.00. The company’s shares closed last Monday at $29.76.
According to TipRanks.com, Lau is a 2-star analyst with an average return of 0.7% and a 70.0% success rate. Lau covers the Financial sector, focusing on stocks such as Intercontinental Exchange, The RMR Group, and Nasdaq.
Currently, the analyst consensus on Focus Financial Partners is a Moderate Buy with an average price target of $38.29, a 31.7% upside from current levels. In a report issued on January 17, Raymond James also maintained a Buy rating on the stock with a $42.00 price target.
See today’s analyst top recommended stocks >>
Based on Focus Financial Partners’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.27 million. In comparison, last year the company had a net profit of $9.61 million.
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.
Focus Financial Partners, Inc. is a holding company, which engages in the provision of wealth management services. It also offers practices, resources, and continuity planning for its partner firms who serve individuals, families, employers, and institutions with comprehensive wealth management services.
Read More on FOCS:
