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RBC Capital Stick to Their Hold Rating for Federated Hermes

Published 04/25/2021, 09:48 PM
Updated 04/25/2021, 09:48 PM


RBC Capital analyst Kenneth Lee maintained a Hold rating on Federated Hermes (NYSE:FHI) on Friday, setting a price target of $30, which is approximately 0.70% below the present share price of $30.21.

Lee expects Federated Hermes to post earnings per share (EPS) of $0.94 for the second quarter of 2021.

The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Federated Hermes, with an average price target of $29.9.
The analysts price targets range from a high of $32.5 to a low of $27.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $363.92 million and a net profit of $114.78 million. The company's market cap is $2.99 billion.

According to TipRanks.com, RBC Capital analyst Kenneth Lee is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.1% and a 73.16% 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.

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