William Blair Lowers Fed Investors to Market Perform (FII)
Fed Investors (NYSE: FII) was downgraded by analysts at William Blair to a “market perform” rating in a research report issued to clients and investors on Monday.
A number of other analysts have also recently weighed in on FII. Analysts at Citigroup (NYSE: C) upgraded shares of Fed Investors from a “sell” rating to a “neutral” rating in a research note to investors on Monday. They now have a $22.00 price target on the stock, up previously from $18.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fed Investors in a research note to investors on Tuesday, April 17th. They now have a $21.50 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Fed Investors from $16.00 to $21.00 in a research note to investors on Monday, April 9th. They now have an “equal weight” rating on the stock.
Fed Investors traded down 0.45% on Monday, hitting $21.98. Fed Investors has a 1-year low of $14.36 and a 1-year high of $26.96. The company has a market cap of $2.290 billion and a price-to-earnings ratio of 14.35.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.41 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.38 EPS by $0.03. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that Fed Investors will post $0.43 EPS next quarter.
Federated Investors, Inc. (Federated), together with its consolidated subsidiaries, is a provider of investment management products and related financial services.