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Deutsche Bank Sticks to Their Hold Rating for T. Rowe Price Group

Investing.com
·1-min read


Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on T. Rowe Price Group on Friday, setting a price target of $115, which is approximately 6.54% above the present share price of $107.94.

Bedell expects T. Rowe Price Group to post earnings per share (EPS) of $1.43 for the second quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Hold rating of shares in T Rowe Price (NASDAQ:TROW), with an average price target of $110.5.
The analysts price targets range from a high of $151 to a low of $84.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.46 billion and a net profit of $707.2 million. The company's market cap is $25.62 billion.

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According to TipRanks.com, Deutsche Bank analyst Brian Bedell is a 4-star analyst with an average return of 1.6% and a 47.3% success rate.

T. Rowe Price Group, Inc. is a financial services holding company, which engages in the provision of investment management services through its subsidiaries. It provides an array of company sponsored U.S. mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries, and retirement plan sponsors. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.