Jefferies (NYSE:JEF) analyst Daniel Fannon maintained a Hold rating on Federated Hermes (NYSE:FHI) on Thursday, setting a price target of $30, which is approximately 15.11% below the present share price of $35.34.
Fannon expects Federated Hermes to post earnings per share (EPS) of $0.73 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Sell rating of shares in Federated Hermes, with an average price target of $33.
The analysts price targets range from a high of $35 to a low of $30.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $326.59 million and a net profit of $98.4 million. The company's market cap is $3.42 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 13.2% and a 73.19% success rate.
Federated Hermes, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.