The stock of Franklin Resources, Inc. (BEN) has gone up by 2.25% for the week, with a -8.44% drop in the past month and a -9.99% drop in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are 2.17% for BEN. The simple moving average for the past 20 days is -4.05% for BEN’s stock, with a -3.63% simple moving average for the past 200 days.
Is It Worth Investing in Franklin Resources, Inc. (NYSE: BEN) Right Now?
The price-to-earnings ratio for Franklin Resources, Inc. (NYSE: BEN) is 13.46x, which is above its average ratio. Moreover, the 36-month beta value for BEN is 1.42. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 4 as “sell.”
The public float for BEN is 285.48M and currently, short sellers hold a 7.66% of that float. On April 22, 2024, BEN’s average trading volume was 3.44M shares.
BEN) stock’s latest price update
The stock of Franklin Resources, Inc. (NYSE: BEN) has increased by 1.39 when compared to last closing price of 25.15. Despite this, the company has experienced a 2.25% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Franklin Resources (BEN) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of BEN
Many brokerage firms have already submitted their reports for BEN stocks, with Wells Fargo repeating the rating for BEN by listing it as a “Equal Weight.” The predicted price for BEN in the upcoming period, according to Wells Fargo is $30 based on the research report published on January 08, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see BEN reach a price target of $32. The rating they have provided for BEN stocks is “Market Perform” according to the report published on January 04th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to BEN, setting the target price at $24 in the report published on July 10th of the previous year.
BEN Trading at -5.67% from the 50-Day Moving Average
After a stumble in the market that brought BEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.90% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares sank -6.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.01% lower at present.
During the last 5 trading sessions, BEN rose by +2.19%, which changed the moving average for the period of 200-days by -2.06% in comparison to the 20-day moving average, which settled at $26.48. In addition, Franklin Resources, Inc. saw -14.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BEN starting from Sethi Alok, who sale 22,000 shares at the price of $29.27 back on Dec 14 ’23. After this action, Sethi Alok now owns 70,481 shares of Franklin Resources, Inc., valued at $643,845 using the latest closing price.
Sethi Alok, the EVP, Head of Global Operations of Franklin Resources, Inc., sale 25,000 shares at $25.38 during a trade that took place back on Dec 05 ’23, which means that Sethi Alok is holding 92,481 shares at $634,465 based on the most recent closing price.
Stock Fundamentals for BEN
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.47 for the gross margin
The net margin for Franklin Resources, Inc. stands at 0.14. The total capital return value is set at 0.04. Equity return is now at value 7.85, with 3.14 for asset returns.
Based on Franklin Resources, Inc. (BEN), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is 265.43.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 6.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.71. The receivables turnover for the company is 5.36for trailing twelve months and the total asset turnover is 0.26.
Conclusion
To wrap up, the performance of Franklin Resources, Inc. (BEN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
