The company’s shares closed last Friday at $123.47, close to its 52-week low of $104.72.
According to TipRanks.com, Schorr is a 3-star analyst with an average return of 3.6% and a 49.3% success rate. Schorr covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Apollo Global Management, and JPMorgan Chase & Co.
T Rowe Price has an analyst consensus of Moderate Sell, with a price target consensus of $109.89, a -8.7% downside from current levels. In a report issued on July 13, Deutsche Bank also maintained a Hold rating on the stock with a $118.00 price target.
Based on T Rowe Price’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.86 billion and net profit of $568 million. In comparison, last year the company earned revenue of $1.83 billion and had a net profit of $749 million.
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Maryland-based T. Rowe Price Group, Inc. is a global investment management company that provides funds, advisory services, account management, and retirement plans and services. The company offers its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions.
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