Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on T. Rowe Price Gr TROW in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 3 | 4 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 2 | 0 |
| 2M Ago | 0 | 0 | 1 | 1 | 1 |
| 3M Ago | 0 | 0 | 1 | 1 | 0 |
Analysts have recently evaluated T. Rowe Price Gr and provided 12-month price targets. The average target is $101.62, accompanied by a high estimate of $108.00 and a low estimate of $88.00. Witnessing a positive shift, the current average has risen by 5.54% from the previous average price target of $96.29.
Analyzing Analyst Ratings: A Detailed Breakdown
A clear picture of T. Rowe Price Gr's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Glenn Schorr | Evercore ISI Group | Raises | In-Line | $108.00 | $105.00 |
| Ken Worthington | JP Morgan | Raises | Underweight | $94.00 | $90.00 |
| Finian O'Shea | Wells Fargo | Raises | Underweight | $108.00 | $105.00 |
| Michael Cyprys | Morgan Stanley | Raises | Equal-Weight | $106.00 | $101.00 |
| Brennan Hawken | UBS | Raises | Sell | $102.00 | $86.00 |
| Finian O'Shea | Wells Fargo | Raises | Underweight | $105.00 | $95.00 |
| Bill Kirk | TD Cowen | Announces | Underperform | $88.00 | - |
| Brian Bedell | Deutsche Bank | Raises | Hold | $102.00 | $92.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to T. Rowe Price Gr. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of T. Rowe Price Gr compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for T. Rowe Price Gr's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of T. Rowe Price Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on T. Rowe Price Gr analyst ratings.
About T. Rowe Price Gr
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of January 2024, the firm had $1.450 trillion in managed assets, composed of equity (52%), balanced (33%), 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 U.S.-based asset manager, deriving just under 9% of its AUM from overseas.
A Deep Dive into T. Rowe Price Gr's Financials
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: T. Rowe Price Gr's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 7.73%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: T. Rowe Price Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 25.94%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): T. Rowe Price Gr's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.51% ROE, the company effectively utilizes 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 3.43%, the company showcases efficient use of assets and strong financial health.
Debt Management: T. Rowe Price Gr's debt-to-equity ratio is below the industry average. With a ratio of 0.03, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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