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Bank of America Securities Remains a Sell on T Rowe Price (TROW)

Tipranks - Tipranks - Mon Apr 6, 11:46AM CDT

Bank of America Securities analyst Craig Siegenthaler maintained a Sell rating on T Rowe Price on April 2 and set a price target of $73.00. The company’s shares closed last Thursday at $90.17.

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Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, T Rowe Price, and Affiliated Managers. According to TipRanks, Siegenthaler has an average return of 14.1% and a 56.35% success rate on recommended stocks.

Currently, the analyst consensus on T Rowe Price is a Moderate Sell with an average price target of $98.00.

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Based on T Rowe Price’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.93 billion and a net profit of $445.3 million. In comparison, last year the company earned a revenue of $1.82 billion and had a net profit of $439.9 million

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