News stories about T. Rowe Price (NASDAQ:TROW) have trended positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. T. Rowe Price earned a news impact score of 0.41 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.584090491608 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
TROW opened at $104.38 on Friday. The stock has a market capitalization of $25,531.14, a P/E ratio of 19.22, a P/E/G ratio of 1.18 and a beta of 1.21. T. Rowe Price has a 12 month low of $67.62 and a 12 month high of $120.07.
T. Rowe Price (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, January 30th. The asset manager reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. T. Rowe Price had a return on equity of 25.30% and a net margin of 31.07%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share. analysts expect that T. Rowe Price will post 7.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were paid a $0.70 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $2.80 annualized dividend and a yield of 2.68%. This is an increase from T. Rowe Price’s previous quarterly dividend of $0.57. T. Rowe Price’s dividend payout ratio (DPR) is presently 51.57%.
A number of research analysts have recently weighed in on TROW shares. Bank of America upgraded T. Rowe Price from a “neutral” rating to a “buy” rating and raised their price objective for the company from $113.00 to $125.00 in a research report on Monday, January 8th. BidaskClub upgraded T. Rowe Price from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 27th. Credit Suisse Group raised their price objective on T. Rowe Price from $123.00 to $128.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley set a $113.00 price objective on T. Rowe Price and gave the company a “hold” rating in a research report on Thursday, February 22nd. Finally, TheStreet upgraded T. Rowe Price from a “c+” rating to a “b+” rating in a research report on Monday, March 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $110.80.
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About T. Rowe Price
T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.
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