Franklin Resources, Inc. [BEN] stock is trading at $19.49, down -1.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The BEN shares have lost -0.61% over the last week, with a monthly amount drifted -10.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Franklin Resources, Inc. [NYSE: BEN] stock has seen the most recent analyst activity on August 27, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $20. Previously, Wells Fargo upgraded its rating to Equal Weight on January 08, 2024, and elevated its price target to $30. On January 04, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $32 on the stock. Wells Fargo initiated its recommendation with a Underweight and recommended $26 as its price target on December 15, 2022. Credit Suisse started tracking with a Neutral rating for this stock on October 19, 2022, and assigned it a price target of $21. In a note dated September 08, 2022, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $28 to $25.
Franklin Resources, Inc. [BEN] stock has fluctuated between $19.50 and $30.32 over the past year. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Franklin Resources, Inc. [NYSE: BEN] shares were valued at $19.49 at the most recent close of the market. An investor can expect a potential return of 38.53% based on the average BEN price forecast.
Analyzing the BEN fundamentals
Franklin Resources, Inc. [NYSE:BEN] reported sales of 8.25B for the trailing twelve months, which represents a growth of 5.84%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.98.
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 19.18 points at the first support level, and at 18.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.91, and for the 2nd resistance point, it is at 20.34.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 0.79 and price to earnings (TTM) ratio is 12.01.
Transactions by insiders
Recent insider trading involved JOHNSON CHARLES B, 10% Owner, that happened on Aug 29 ’24 when 100000.0 shares were purchased. President and CEO, JOHNSON JENNIFER M completed a deal on Aug 28 ’24 to buy 12700.0 shares. Meanwhile, President and CEO JOHNSON JENNIFER M bought 18900.0 shares on Aug 23 ’24.
