Will T. Rowe Price Group, Inc. (TROW) Surpass The Expectations That Analysts Have Set?

  1. Rowe Price Group, Inc. (TROW) shares saw a recent bid of $70.44 and 2.37M shares have exchanged hands in the recent trading session, yielding a -0.87% decline over the past week. The stock price increased 0.95% or $-0.66 versus $69.78 at the end of the prior session. This change led market cap to move at $16.99B, putting the price -10.78% below the 52-week high and 11.86% above the 52-week low. The company’s stock has a normal trading capacity of 1.93M shares while the relative volume is 1.22.

    To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $71.42 while $88.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $16.58 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $61.00, which would be decrease of about -13% of its current value. The mean target of $71.00 should be compared with the price when the stock was languishing around $62.97 a share. And it remains to be seen which target price TROW can achieve without sacrificing much as the company is holding a -8.59% fall for the past twelve months.

    By historical standards, T. Rowe Price Group, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 13.62 times earnings, below the average P/E ratio of 2,896.00 times earnings. For now, T. Rowe Price Group, Inc. is the toast of Wall Street as its ABR stands at 2.90 with 2 out of 15 analysts rating the stock a buy. Over the short term, some market observers may have noticed that T. Rowe Price Group, Inc. has a 4.43% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. T. Rowe Price Group, Inc. has far performed well this year, with the share price down -6.40% since January. Over the past 2 quarters, the stock is down -3.70%, compared with a fall of nearly -2.88% for 3 months and about -0.25% for the past 30 days.

    Last time, the company shocked Wall Street by reporting EPS of $1.42, smashing the consensus of $1.20 per share. Revenue for the quarter also killed consensus, coming in at $1.11B, compared to the consensus of 1.11B. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.24. The company is expected to report EPS as high as $1.29 and as low as $1.14 per share. Similarly, full-year EPS forecasts have ranged between $4.79 and $5.50. The mean EPS estimate is $5.15. On the other side, sales forecasts for the current quarter are $1.14B. The stock is expected to report revenue as high as $1.16B and as low as $1.11B per share. Similarly, full-year sales forecasts have ranged between $4.48B and $4.65B. The mean revenue estimate is $4.57B.

    Over the last 5 years, T. Rowe Price Group, Inc. has averaged a 10.20% YoY EPS growth rate and a 9.00% revenue growth rate. Analysts are expecting EPS growth rates to be at 2.70% this quarter and EPS estimate for next year reflect -1.53% growth rate.

    Sell-side analysts also have something to say about this company. UBS had a markedly different take on 24/05/2017, proposing that T. Rowe Price Group, Inc. is now considered Sell versus prior Buy rating. Argus had a markedly different take on 26/04/2017, proposing that T. Rowe Price Group, Inc. is now considered Hold versus prior Buy rating. Morgan Stanley had a markedly different take on 17/03/2017, proposing that T. Rowe Price Group, Inc. is now considered Underweight versus prior Equal-Weight rating. UBS raised its rating on T. Rowe Price Group, Inc. to Buy on 10/11/2016 in a reversal from its prior Neutral rating.

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