Analyst Ratings for T. Rowe Price Group Inc. (TROW)Updated: 2017-07-29
T. Rowe Price Group Inc. (NASDAQ:TROW) was awarded an average rating of Hold from investment analysts following the stock. Last month, TROW received an average rating of Hold.
4 analysts declared TROW a buy, 0 gave an overweight rating, 10 gave a hold rating, 0 issued an underweight rating, and 3 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.
TROW was given price targets by several analysts. The highest price target was 88, implying potential capital gains of 6.86 percent. The most pessimistic price target was 63, implying potential capital losses of -23.5 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 5.56 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 5.14 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.02 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.76 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 5 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
TROW has an estimated earnings growth rate of -12.55 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. TROW has a PEG ratio of -1.13.
TROW has traded between a high of 85.42 and a low of 62.97 over the past year. Currently the stock is 30.78 percent higher than its low, and 3.59 percent lower than its 52-week high. TROW has a price/earnings ratio of 14.15. Investors typically compare the P/E ratio to a company's peers in the industry. The TROW value stock report compares TROW to some of its peers using value stock charts. The market cap of TROW is $19.87 billion. TROW's next earnings release will be on 0000-00-00, which is days away.