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Jefferies Stick to Their Buy Rating for T Rowe Price

Published 11/10/2021, 09:45 AM
Updated 11/10/2021, 09:45 AM


Jefferies (NYSE:JEF) analyst Daniel Fannon maintained a Buy rating on T Rowe Price (NASDAQ:TROW) on Wednesday, setting a price target of $245, which is approximately 11.54% above the present share price of $219.66.

Fannon expects T Rowe Price to post earnings per share (EPS) of $3.34 for the fourth quarter of 2021.

The current consensus among 8 TipRanks analysts is for a Hold rating of shares in T Rowe Price, with an average price target of $214.75.
The analysts price targets range from a high of $253 to a low of $169.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.95 billion and a net profit of $996.2 million. The company's market cap is $49.37 billion.

According to TipRanks.com, Jefferies analyst Daniel Fannon is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.1% and a 76.43% success rate.

Maryland-based T. Rowe Price Group, Inc. is a global investment management company that provides funds, advisory services, account management, and retirement plans and services. The company offers its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions.

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