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.
Several price targets were given for TROW by the analysts covering the stock. The most optimistic analyst gave a price target of 88, implying potential capital gains of 6.86 percent. The most pessimistic analyst gave a price target of 63, which equates to a potential downside of -23.5 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 5.56 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 5.14 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 3.02 percent. 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, which can be compared to the 0 analysts that decreased their estimates. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of TROW's earnings is estimated by analysts to be -12.55 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of TROW is -1.13.
TROW has a 52-week high of 85.42 and a 52-week low of 62.97. Today's price is 30.78 percent above the 52-week low, and 3.59 percent lower than its 52-week high. TROW has a P/E 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 stock has a market capitalization of $19.87 billion. TROW is estimated to release their earnings results for the quarter on 0000-00-00, days from today.