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.
Investment analysts gave a few price targets for TROW. The most optimistic price target was 88, which equates to a potential upside of 6.86 percent. The lowest price target was 63, implying a possible loss of -23.5 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 5.56 percent. The average change in earnings estimates over the last 90 days 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. If we look at the last 90 days instead, we find a net average change of 3.76 percent in FY estimates.
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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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.
In the trailing 52-weeks, TROW hit 85.42 at the highest peak, while it's lowest trading point was 62.97. Today's price is 30.78 percent above the 52-week low, and below the high by 3.59 percent. 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 will post this quarters earnings in days, on 0000-00-00.