T. Rowe Price Group (NASDAQ:TROW) Target Raised by BMO Capital Markets to $128.00

0
32
Financial stock market numbers and forex trading graph, business and stock market data, financial investment concept on technology abstract colorful background.

T. Rowe Price Group stock has undergone multiple analysts rating changes in the recent past.  T. Rowe Price Group stock Target Raised by   BMO Capital Markets on 6/29/2020. In a note to investors, the firm issued a new target price of $128.00. The analysts previously had $109.00 target price. BMO Capital Markets’s price target would indicate a potential upside of 7.62% from the stock’s previous close.

Shares of T. Rowe Price Group traded up $1.88 on Monday, reaching $120.82. 566762 shares of the stock traded hands, compared to its average volume of 1296246. Shares of were trading at $120.82 on Monday. The firm’s 50 day moving average is $117.04 and its 200 day moving average is 117.96.T. Rowe Price Group  has a 12 month low of $118.82 and a 12 month high of $139.82. While on yearly highs and lows, T. Rowe Price Group today has traded high as $120.92 and has touched $118.82 on the downward trend.

T. Rowe Price Group Earnings and What to expect: 

T. Rowe Price Group last released its quarterly earnings data on April 28th, 2020. The asset manager reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.43 billion. Its revenue was up 10.2% on a year-over-year basis. T. Rowe Price Group has generated $8.07 earnings per share over the last year and currently has a price-to-earnings ratio of 15.0. T. Rowe Price Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 22nd, 2020 based off prior year’s report dates.

Earnings for T. Rowe Price Group are expected to grow by 6.12% in the coming year, from $7.19 to $7.63 per share. The P/E ratio of T. Rowe Price Group is 14.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.08. The P/E ratio of T. Rowe Price Group is 14.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.95. T. Rowe Price Group has a PEG Ratio of 1.78. PEG Ratios above 1 indicate that a company could be overvalued. T. Rowe Price Group has a P/B Ratio of 3.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 1.00%
  • On 5/29/2020 VP David Oestreicher Sell 3,500 at average share price of $120.85 which equates to $422,975.00 in money value.
  • On 5/20/2020 Director Mary K Bush Sell 1,851 at average price of  $115.34 with total value of : Not Data Available
  • On 5/12/2020 VP W. Sharps Robert Sell 3,500 at average price of  $117.50 with total value of : $411,250.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for T. Rowe Price Group

  • 6/15/2020 – T. Rowe Price Group had its price target raised by analysts at Barclays PLC from $100.00 to $110.00. ()
  • 6/13/2020 – T. Rowe Price Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating. ()
  • 6/6/2020 – T. Rowe Price Group was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating. ()
  • 5/15/2020 – T. Rowe Price Group had its price target raised by analysts at Deutsche Bank AG from $110.00 to $115.00. They now have a “hold” rating on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by BMO Capital Markets: 

  • 6/29/2020 – Ovintiv was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $13.00 price target on the stock, up previously from $6.50. ()
  • 6/29/2020 – Green Organic Dutchman was upgraded by analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating. ()
  • 6/29/2020 – Pilgrim’s Pride was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $21.00 price target on the stock, down previously from $36.00. ()
  • 6/29/2020 – Diamondback Energy was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $45.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

T. Rowe Price Group (NASDAQ:TROW) Moving Average Technical Analysis

5 day Moving Average is $121.72 And 5 day price change is -4.94 (-3.94%)  with average volume for 5 day average is 1,127,640. While technical analysis for average 20 days shows significant difference, 20 day moving average is  124.72 and 20 day price change is -1.4 (-1.15%) and average 20 day moving volume is 1,260,835. 50 day moving average is 117.04  and 50 day price change is 16.98 ( 0.1641)  and with average volume for 50 days is : 1,264,464. 200 day moving average is 117.96  and 200 day price change is 2.35 (0.0199)  and with average volume for 200 days is : 1,332,724.

See More Analyst Rating at: RATING