Franklin Resources, Inc. [NYSE: BEN] price surged by 0.29 percent to reach at $0.06.
The one-year BEN stock forecast points to a potential downside of -3.98. The average equity rating for BEN stock is currently 3.81, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Franklin Resources, Inc. [BEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BEN shares is $20.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BEN stock is a recommendation set at 3.81. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Franklin Resources, Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on August 27, 2024, representing the official price target for Franklin Resources, Inc. stock. Previously, the target price had yet another raise from $24 to $30, while Wells Fargo kept a Equal Weight rating on BEN stock.
The Average True Range (ATR) for Franklin Resources, Inc. is set at 0.46, with the Price to Sales ratio for BEN stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 0.85, with the Price to Cash per share for the same quarter was set at 7.86. Price to Free Cash Flow for BEN in the course of the last twelve months was 10.59.
BEN Stock Performance Analysis:
Franklin Resources, Inc. [BEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.98. With this latest performance, BEN shares gained by 5.99% in over the last four-week period, additionally sinking by -8.26% over the last 6 months – not to mention a drop of -7.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BEN stock in for the last two-week period is set at 57.84, with the RSI for the last a single of trading hit 62.94, and the three-weeks RSI is set at 54.18 for Franklin Resources, Inc. [BEN]. The present Moving Average for the last 50 days of trading for this stock 20.20, while it was recorded at 20.62 for the last single week of trading, and 23.67 for the last 200 days.
BEN Stock EPS
With the latest financial reports released by the company, Franklin Resources, Inc. posted 0.84/share EPS, while the average EPS was predicted by analysts to be reported at 0.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.25. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Franklin Resources, Inc. go to 1.00%.
Franklin Resources, Inc. [BEN] Institutonal Ownership Details
There are presently around $44.09%, or 82.85%% of BEN stock, in the hands of institutional investors. The top three institutional holders of BEN stocks are: VANGUARD GROUP INC with ownership of 35.59 million shares, which is approximately 6.866%. POWER CORP OF CANADA, holding 32.22 million shares of the stock with an approximate value of $$720.17 million in BEN stocks shares; and POWER CORP OF CANADA, currently with $$715.57 million in BEN stock with ownership which is approximately 6.176%.
