T. Rowe Price Group Inc. (NASDAQ: TROW) has a higher price-to-earnings ratio of 12.17x compared to its average ratio, The 36-month beta value for TROW is at 1.42. 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 217.58M, and currently, shorts hold a 4.30% of that float. The average trading volume for TROW on September 06, 2024 was 1.06M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
TROW) stock’s latest price update
T. Rowe Price Group Inc. (NASDAQ: TROW) has seen a decline in its stock price by -1.05 in relation to its previous close of 104.12. However, the company has experienced a -1.84% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-06 that Joel Greenblatt’s Magic Formula combines value and quality investing. By focusing on earnings yield and return on capital, it has achieved 40% annual returns for 21 years. The market’s recent selloff, driven by weak manufacturing data, is an opportunity to buy high-quality undervalued dividend blue-chip stocks using Joel Greenblatt’s Magic Formula. September’s market volatility is average. Focus on long-term investment strategies rather than knee-jerk reactions to short-term data.
TROW’s Market Performance
T. Rowe Price Group Inc. (TROW) has experienced a -1.84% fall in stock performance for the past week, with a 0.19% rise in the past month, and a -11.36% drop in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 1.68% for TROW. The simple moving average for the past 20 days is -3.64% for TROW’s stock, with a -7.35% simple moving average for the past 200 days.
Analysts’ Opinion of TROW
Many brokerage firms have already submitted their reports for TROW stocks, with Barclays repeating the rating for TROW by listing it as a “Underweight.” The predicted price for TROW in the upcoming period, according to Barclays is $99 based on the research report published on August 27, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see TROW reach a price target of $120, previously predicting the price at $106. The rating they have provided for TROW stocks is “Mkt Perform” according to the report published on April 11th, 2024.
TD Cowen gave a rating of “Hold” to TROW, setting the target price at $114 in the report published on April 08th of the current year.
TROW Trading at -7.31% 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 -15.74% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -1.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.54% lower at present.
During the last 5 trading sessions, TROW fell by -1.81%, which changed the moving average for the period of 200-days by +5.39% in comparison to the 20-day moving average, which settled at $106.83. In addition, T. Rowe Price Group Inc. saw -4.33% 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 TROW starting from Hiebler Jessica M, who sale 1,401 shares at the price of $115.85 back on Jun 27 ’24. After this action, Hiebler Jessica M now owns 14,198 shares of T. Rowe Price Group Inc., valued at $162,303 using the latest closing price.
Sawyer Dorothy C, the VP of T. Rowe Price Group Inc., sale 2,000 shares at $117.00 during a trade that took place back on Jun 18 ’24, which means that Sawyer Dorothy C is holding 34,710 shares at $234,000 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 19.77, with 14.76 for asset returns.
Based on T. Rowe Price Group Inc. (TROW), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 15.18. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 1.04.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at -1.0. When we switch over and look at the enterprise to sales, we see a ratio of 3.01. The receivables turnover for the company is 11.77for trailing twelve months and the total asset turnover is 0.52.
Conclusion
In conclusion, T. Rowe Price Group Inc. (TROW) has had a bad 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.
