Nomura Reiterates Neutral on Franklin Resources (BEN)
Shares of Franklin Resources traded down 1.09% during mid-day trading on Thursday, hitting $118.14. Franklin Resources has a one year low of $87.71 and a one year high of $137.56. The company has a market cap of $25.683 billion and a P/E ratio of 13.77.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $2.32 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $2.23 EPS by $0.09. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts predict that Franklin Resources will post $2.33 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of Franklin Resources from $117.00 to $124.00 in a research note to investors on Tuesday, April 17th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Franklin Resources in a research note to investors on Friday, April 13rd. They now have a $131.00 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Franklin Resources in a research note to investors on Thursday, April 12nd. They set a “market perform” rating on the stock.
Franklin Resources, Inc. (Franklin) is a holding company. Franklin together with its various subsidiaries (collectively, the Company), is referred to as Franklin Templeton Investments, is a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names.