Zacks: Focus Financial Partners Inc (FOCS) Receives Consensus Rating of “Hold” from Brokerages

Shares of Focus Financial Partners Inc (NASDAQ:FOCS) have been given a consensus broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Brokerages have set a 1-year consensus target price of $43.00 for the company and are anticipating that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also given Focus Financial Partners an industry rank of 118 out of 257 based on the ratings given to its competitors.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 30th. BMO Capital Markets upped their price target on shares of Focus Financial Partners to $57.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. William Blair assumed coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “market perform” rating on the stock. Goldman Sachs Group assumed coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 price target on the stock. Finally, Bank of America assumed coverage on shares of Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 price target on the stock.

Shares of Focus Financial Partners stock traded down $1.05 during trading on Monday, hitting $38.20. 403,112 shares of the stock were exchanged, compared to its average volume of 180,767. Focus Financial Partners has a 1-year low of $35.01 and a 1-year high of $49.51.

Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings results on Tuesday, August 28th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $231.44 million during the quarter, compared to analyst estimates of $224.60 million. Research analysts expect that Focus Financial Partners will post 1.36 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio acquired a new position in Focus Financial Partners in the 3rd quarter valued at about $256,000. Janus Henderson Group PLC bought a new stake in Focus Financial Partners in the 3rd quarter valued at about $278,000. CFO4Life Group LLC bought a new stake in Focus Financial Partners in the 3rd quarter valued at about $390,000. Penserra Capital Management LLC bought a new stake in Focus Financial Partners in the 3rd quarter valued at about $537,000. Finally, American International Group Inc. bought a new stake in Focus Financial Partners in the 3rd quarter valued at about $593,000. Institutional investors and hedge funds own 0.41% of the company’s stock.

Focus Financial Partners Company Profile

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

Read More: Balance Sheet

Get a free copy of the Zacks research report on Focus Financial Partners (FOCS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply