A share price of Federated Hermes Inc [FHI] is currently trading at $34.51, down -0.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The FHI shares have gain 1.89% over the last week, with a monthly amount glided 7.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Federated Hermes Inc [NYSE: FHI] stock has seen the most recent analyst activity on January 05, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $35. Previously, TD Cowen started tracking the stock with Market Perform rating on January 04, 2024, and set its price target to $32. On April 11, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $47 on the stock. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $40 on June 29, 2022. Citigroup downgraded its rating to a Sell and reduced its price target to $28.50 on April 12, 2022. In a note dated December 17, 2021, Deutsche Bank upgraded an Buy rating on this stock and boosted its target price from $35 to $45.
Federated Hermes Inc experienced fluctuations in its stock price throughout the past year between $29.32 and $36.37. Currently, Wall Street analysts expect the stock to reach $33.25 within the next 12 months. Federated Hermes Inc [NYSE: FHI] shares were valued at $34.51 at the most recent close of the market. An investor can expect a potential drop of -3.65% based on the average FHI price forecast.
Analyzing the FHI fundamentals
Trailing Twelve Months sales for Federated Hermes Inc [NYSE:FHI] were 1.59B which represents -7.39% decline. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is -16.6%. To continue investigating profitability, this company’s Return on Assets is posted at -13.84, Equity is -24.1 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.36.
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 34.29 points at the first support level, and at 34.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.81, and for the 2nd resistance point, it is at 35.11.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.79, the price to book ratio is 2.80 and price to earnings (TTM) ratio is 11.87.
Transactions by insiders
Recent insider trading involved FISHER JOHN B, Vice President, that happened on Aug 05 ’24 when 79830.0 shares were sold. VP, Chief Compliance Officer, Van Meter Stephen completed a deal on Aug 02 ’24 to sell 72.0 shares. Meanwhile, Officer STEPHEN VAN METER bought 72.0 shares on Aug 02 ’24.
