J.P. Morgan analyst Ken Worthington maintained a Buy rating on Federated Hermes (FHI – Research Report) yesterday and set a price target of $45.00. The company’s shares closed yesterday at $31.35.
Worthington covers the Financial sector, focusing on stocks such as Federated Hermes, Cboe Global Markets, and Invesco. According to TipRanks, Worthington has an average return of -0.2% and a 47.47% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Federated Hermes with a $39.25 average price target.
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FHI market cap is currently $2.77B and has a P/E ratio of 10.19.
Based on the recent corporate insider activity of 56 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.
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Federated Hermes (FHI) Company Description:
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:
- Federated Hermes, Inc. reports third quarter 2023 earnings
- FHI Earnings this Week: How Will it Perform?
- Federated Hermes price target raised to $38 from $37 at Deutsche Bank
- Federated Hermes Premier Municipal Income Fund declares dividend
- Federated Hermes price target lowered to $45 from $47 at JPMorgan
