T. Rowe Price Group Inc. (NASDAQ: TROW) has a higher price-to-earnings ratio of 14.36x compared to its average ratio, The 36-month beta value for TROW is at 1.41. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 as “hold,” and 3 as “sell.”
The public float for TROW is 218.63M, and currently, shorts hold a 5.19% of that float. The average trading volume for TROW on April 18, 2024 was 1.33M shares.
TROW) stock’s latest price update
The stock of T. Rowe Price Group Inc. (NASDAQ: TROW) has decreased by -0.64 when compared to last closing price of 112.11. Despite this, the company has experienced a -4.45% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-11 that T. Rowe (TROW) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
TROW’s Market Performance
TROW’s stock has fallen by -4.45% in the past week, with a monthly drop of -3.16% and a quarterly rise of 5.34%. The volatility ratio for the week is 2.36% while the volatility levels for the last 30 days are 1.98% for T. Rowe Price Group Inc. The simple moving average for the last 20 days is -5.37% for TROW stock, with a simple moving average of 2.66% for the last 200 days.
Analysts’ Opinion of TROW
Many brokerage firms have already submitted their reports for TROW stocks, with Keefe Bruyette repeating the rating for TROW by listing it as a “Mkt Perform.” The predicted price for TROW in the upcoming period, according to Keefe Bruyette is $120 based on the research report published on April 11, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see TROW reach a price target of $114, previously predicting the price at $92. The rating they have provided for TROW stocks is “Hold” according to the report published on April 08th, 2024.
Wells Fargo gave a rating of “Underweight” to TROW, setting the target price at $105 in the report published on January 08th of the current year.
TROW Trading at -2.60% from the 50-Day Moving Average
After a stumble in the market that brought TROW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.10% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -3.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.91% upper at present.
During the last 5 trading sessions, TROW fell by -4.45%, which changed the moving average for the period of 200-days by -0.56% in comparison to the 20-day moving average, which settled at $117.54. In addition, T. Rowe Price Group Inc. saw 3.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TROW starting from HRABOWSKI FREEMAN A III, who sale 8,740 shares at the price of $118.32 back on Mar 08 ’24. After this action, HRABOWSKI FREEMAN A III now owns 21,073 shares of T. Rowe Price Group Inc., valued at $1,034,147 using the latest closing price.
Hiebler Jessica M, the Principal Accounting Officer of T. Rowe Price Group Inc., sale 1,138 shares at $107.13 during a trade that took place back on Feb 09 ’24, which means that Hiebler Jessica M is holding 14,113 shares at $121,913 based on the most recent closing price.
Stock Fundamentals for TROW
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.82 for the gross margin
The net margin for T. Rowe Price Group Inc. stands at 0.28. The total capital return value is set at 0.16. Equity return is now at value 19.02, with 14.47 for asset returns.
Based on T. Rowe Price Group Inc. (TROW), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 10.58. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 0.91.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at -0.88. When we switch over and look at the enterprise to sales, we see a ratio of 3.6. The receivables turnover for the company is 10.51for trailing twelve months and the total asset turnover is 0.53.
Conclusion
In conclusion, T. Rowe Price Group Inc. (TROW) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
