In the last three months, 14 analysts have published ratings on T. Rowe Price Gr (NASDAQ:TROW), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 9 | 4 | 1 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 5 | 3 | 0 |
| 3M Ago | 0 | 0 | 3 | 0 | 1 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $113.79, a high estimate of $129.00, and a low estimate of $101.00. Marking an increase of 1.25%, the current average surpasses the previous average price target of $112.38.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of T. Rowe Price Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Benjamin Budish | Barclays | Raises | Underweight | $115.00 | $110.00 |
| Brian Bedell | Deutsche Bank | Raises | Hold | $120.00 | $115.00 |
| Glenn Schorr | Evercore ISI Group | Raises | In-Line | $113.00 | $112.00 |
| Brian Bedell | Deutsche Bank | Raises | Hold | $115.00 | $113.00 |
| Bill Kirk | TD Cowen | Lowers | Hold | $116.00 | $120.00 |
| Kenneth Worthington | JP Morgan | Lowers | Underweight | $115.00 | $116.00 |
| Benjamin Budish | Barclays | Raises | Underweight | $110.00 | $101.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $129.00 | $127.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $127.00 | $125.00 |
| Benjamin Budish | Barclays | Raises | Underweight | $101.00 | $99.00 |
| Michael Brown | Wells Fargo | Raises | Equal-Weight | $112.00 | $109.00 |
| Glenn Schorr | Evercore ISI Group | Raises | In-Line | $109.00 | $108.00 |
| Alexander Blostein | Goldman Sachs | Lowers | Sell | $102.00 | $106.00 |
| Michael Brown | Wells Fargo | Announces | Equal-Weight | $109.00 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to T. Rowe Price Gr. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of T. Rowe Price Gr compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of T. Rowe Price Gr's stock. This examination reveals shifts in analysts' expectations over time.
Capture valuable insights into T. Rowe Price Gr's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on T. Rowe Price Gr analyst ratings.
Unveiling the Story Behind T. Rowe Price Gr
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load us and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a us-based asset manager, deriving less than 10% of its AUM from overseas.
T. Rowe Price Gr's Financial Performance
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: T. Rowe Price Gr's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 6.88%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: T. Rowe Price Gr's net margin is impressive, surpassing industry averages. With a net margin of 32.9%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): T. Rowe Price Gr's ROE excels beyond industry benchmarks, reaching 5.82%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): T. Rowe Price Gr's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.38%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.03, T. Rowe Price Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
