The price-to-earnings ratio for T. Rowe Price Group Inc. (NASDAQ: TROW) is above average at 13.06x, Company’s 36-month beta value is 1.42.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 3 as “sell.”
The public float for TROW is 217.58M, and currently, short sellers hold a 4.55% ratio of that floaft. The average trading volume of TROW on September 20, 2024 was 1.09M 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
The stock price of T. Rowe Price Group Inc. (NASDAQ: TROW) has surged by 2.24 when compared to previous closing price of 108.13, but the company has seen a 5.42% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-17 that T. Rowe Price Group Inc. has delivered a 14% return since my Buy recommendation, but has trailed the S&P 500’s 32% return. AUM has risen due to strong equity market performance and improving long-term flows. TROW’s valuation is now more attractive relative to the broader market and peers than was previously the case.
TROW’s Market Performance
TROW’s stock has risen by 5.42% in the past week, with a monthly rise of 1.88% and a quarterly drop of -6.46%. The volatility ratio for the week is 1.51% while the volatility levels for the last 30 days are 1.94% for T. Rowe Price Group Inc. The simple moving average for the last 20 days is 4.21% for TROW stock, with a simple moving average of -0.86% for the last 200 days.
Analysts’ Opinion of TROW
Many brokerage firms have already submitted their reports for TROW stocks, with Wells Fargo repeating the rating for TROW by listing it as a “Equal Weight.” The predicted price for TROW in the upcoming period, according to Wells Fargo is $109 based on the research report published on September 12, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see TROW reach a price target of $99. The rating they have provided for TROW stocks is “Underweight” according to the report published on August 27th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to TROW, setting the target price at $120 in the report published on April 11th of the current year.
TROW Trading at 1.12% 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 -9.59% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.51%, as shares surge +0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.76% lower at present.
During the last 5 trading sessions, TROW rose by +5.42%, which changed the moving average for the period of 200-days by +7.91% in comparison to the 20-day moving average, which settled at $106.14. In addition, T. Rowe Price Group Inc. saw 2.66% 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 Hiebler Jessica M, who sale 484 shares at the price of $104.73 back on Sep 13 ’24. After this action, Hiebler Jessica M now owns 13,939 shares of T. Rowe Price Group Inc., valued at $50,689 using the latest closing price.
Hiebler Jessica M, the Officer of T. Rowe Price Group Inc., proposed sale 484 shares at $104.56 during a trade that took place back on Sep 13 ’24, which means that Hiebler Jessica M is holding shares at $50,607 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 3.28. The receivables turnover for the company is 11.77for trailing twelve months and the total asset turnover is 0.52.
Conclusion
In a nutshell, T. Rowe Price Group Inc. (TROW) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
