In a report released yesterday, Ken Worthington from J.P. Morgan maintained a Sell rating on Federated Hermes (FHI – Research Report), with a price target of $37.00. The company’s shares closed yesterday at $38.24.
Worthington covers the Financial sector, focusing on stocks such as Coinbase Global, Blackrock, and Cboe Global Markets. According to TipRanks, Worthington has an average return of 1.3% and a 51.01% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Federated Hermes with a $37.50 average price target.
See the top stocks recommended by analysts >>
The company has a one-year high of $39.29 and a one-year low of $27.20. Currently, Federated Hermes has an average volume of 602.7K.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FHI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Federated Hermes, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.
Read More on FHI:
