T. Rowe Price Group Inc. [TROW] stock prices are up 0.63% to $115.08 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TROW shares have gain 3.22% over the last week, with a monthly amount glided 2.65%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
T. Rowe Price Group Inc. [NASDAQ: TROW] stock has seen the most recent analyst activity on April 11, 2024, when Keefe Bruyette upgraded its rating to a Mkt Perform and also boosted its price target to $120 from $106. Previously, TD Cowen upgraded its rating to Hold on April 08, 2024, and elevated its price target to $114. On January 08, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $105 on the stock. TD Cowen started tracking the stock assigning a Underperform rating and suggested a price target of $88 on January 04, 2024. Citigroup upgraded its rating to a Neutral and reduced its price target to $95 on October 31, 2023. Citigroup started tracking with a Sell rating for this stock on May 19, 2023, and assigned it a price target of $98. In a note dated December 15, 2022, Wells Fargo initiated an Equal Weight rating and provided a target price of $125 on this stock.
The stock price of T. Rowe Price Group Inc. [TROW] has been fluctuating between $87.43 and $132.76 over the past year. Currently, Wall Street analysts expect the stock to reach $136.43 within the next 12 months. T. Rowe Price Group Inc. [NASDAQ: TROW] shares were valued at $115.08 at the most recent close of the market. An investor can expect a potential return of 18.55% based on the average TROW price forecast.
Analyzing the TROW fundamentals
The T. Rowe Price Group Inc. [NASDAQ:TROW] reported sales of 6.67B for trailing twelve months, representing a surge of 13.83%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.33%, Pretax Profit Margin comes in at 0.4%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.2 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 114.35 points at the first support level, and at 113.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.88, and for the 2nd resistance point, it is at 116.67.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.85, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 13.66.
Transactions by insiders
Recent insider trading involved MacLellan Robert F., Director, that happened on Apr 29 ’24 when 3043.0 shares were sold. Director, HRABOWSKI FREEMAN A III completed a deal on Mar 08 ’24 to sell 8740.0 shares. Meanwhile, Principal Accounting Officer Hiebler Jessica M sold 1138.0 shares on Feb 09 ’24.
