In the past week, TROW stock has gone up by 1.08%, with a monthly decline of -6.82% and a quarterly surge of 1.60%. The volatility ratio for the week is 1.47%, and the volatility levels for the last 30 days are 2.25% for T. Rowe Price Group Inc. The simple moving average for the past 20 days is -0.45% for TROW’s stock, with a 3.10% simple moving average for the past 200 days.
Is It Worth Investing in T. Rowe Price Group Inc. (NASDAQ: TROW) Right Now?
T. Rowe Price Group Inc. (NASDAQ: TROW) has a higher price-to-earnings ratio of 13.24x compared to its average ratio, The 36-month beta value for TROW is at 1.43. 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 218.30M, and currently, shorts hold a 4.92% of that float. The average trading volume for TROW on May 09, 2024 was 1.43M shares.
TROW) stock’s latest price update
The stock price of T. Rowe Price Group Inc. (NASDAQ: TROW) has surged by 0.22 when compared to previous closing price of 111.25, but the company has seen a 1.08% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-08 that 4 Dividend Aristocrats To Buy In May Plus 4 To Watch
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 -3.07% 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 -16.02% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares sank -4.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.57% upper at present.
During the last 5 trading sessions, TROW rose by +1.08%, which changed the moving average for the period of 200-days by -7.62% in comparison to the 20-day moving average, which settled at $111.74. In addition, T. Rowe Price Group Inc. saw 3.53% 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 MacLellan Robert F., who sale 3,043 shares at the price of $113.08 back on Apr 29 ’24. After this action, MacLellan Robert F. now owns 34,635 shares of T. Rowe Price Group Inc., valued at $344,102 using the latest closing price.
HRABOWSKI FREEMAN A III, the Director of T. Rowe Price Group Inc., sale 8,740 shares at $118.32 during a trade that took place back on Mar 08 ’24, which means that HRABOWSKI FREEMAN A III is holding 21,073 shares at $1,034,147 based on the most recent closing price.
Stock Fundamentals for TROW
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.82 for the gross margin
The net margin for T. Rowe Price Group Inc. stands at 0.29. The total capital return value is set at 0.18. Equity return is now at value 20.09, with 15.12 for asset returns.
Based on T. Rowe Price Group Inc. (TROW), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 4.72. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at -0.91. When we switch over and look at the enterprise to sales, we see a ratio of 3.43. The receivables turnover for the company is 7.56for trailing twelve months and the total asset turnover is 0.52.
Conclusion
In conclusion, T. Rowe Price Group Inc. (TROW) has had a better 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.
