Citigroup raised the price target for the T. Rowe Price Group Inc. (NASDAQ:TROW) stock from “a Neutral” to “a Sell”. The rating was released on April 14, 2021. We previously noted in another research note published on March 30, 2021 by Credit Suisse that downgraded the stock from an Outperform to a Neutral with a price target of $181 for TROW stock. The research report from Goldman has upgraded the stock from Sell to Neutral, with a price target set at $170. The stock was downgraded by BofA Securities, who disclosed in a research note on November 19, 2020, from Buy to Neutral and set the price objective to $154. In their research brief published March 24, 2020, Goldman analysts downgraded the T. Rowe Price Group Inc. stock from Neutral to Sell with a price target of $84.
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
The latest trade, Performances and Moving Averages give us the following Picture
The share price of T. Rowe Price Group Inc. (NASDAQ:TROW) dipped -0.28% to close Friday’s market session at $216.60, lower as compared to yesterday’s close. The stock price fluctuated between $216.14 and $219.568 throughout the trading session with the volume trading being 868864 shares, which represented a significant variation when compared to the three months average volume of 873.18K shares. The firm’s stock price fluctuated -2.17% within the last five trades and -0.27% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 26.62% in the last 6 months and 13.41% was added to its value over the previous 3 months. TROW stock is trading at a margin of -0.35%, 2.81% and 21.19% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, TROW deals in the Financial domain. The stock is trading -3.54 percent below its 52-week high and 80.92 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 66.32. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does T. Rowe Price Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 47.10 percent and the profit margin is 41.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $49.79 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for T. Rowe Price Group Inc. (NASDAQ:TROW) is 17.07. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.21. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 7.03 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 6.23, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.70 percent of T. Rowe Price Group Inc. shares are owned by insiders, and 74.10 percent are held by financial institutions. Page Sebastien, the Vice President at T. Rowe Price Group Inc. (TROW) has sold 7,667 shares of firm on Sep 02 at a price of $220.95 against the total amount of $1.69 million. In another inside trade, Stromberg William J, CEO of T. Rowe Price Group Inc. (NASDAQ:TROW) sold 8,000 shares of the firm on Aug 05 for a total worth of $1.69 million at a price of $211.17. An inside trade which took place on Aug 03, Principal Accounting Officer of T. Rowe Price Group Inc. Hiebler Jessica M sold 1,150 shares of firm against total price of $0.24 million at the cost of $207.70 per share.