The Analyst Verdict: Federated Hermes In The Eyes Of 5 Experts
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Federated Hermes (NYSE:FHI), showing a mix of neutral to positive outlooks with an average 12-month price target of $39.00, up from $37.20. The company, specializing in asset management, reported a solid revenue growth rate of 4.71% as of December 31, 2023, and has $757.6 billion in managed assets. Despite lagging behind industry peers in revenue growth and net margin, Federated Hermes excels in ROE and ROA, indicating strong financial performance.
April 12, 2024 | 5:01 pm
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POSITIVE IMPACT
Federated Hermes receives mixed analyst ratings with an updated average price target of $39.00, reflecting a positive outlook based on its recent financial performance and asset management capabilities.
The updated analyst ratings and increased price target for FHI reflect a positive market sentiment towards the company's financial health and growth prospects. The solid revenue growth rate, impressive ROE, and ROA, along with a strong asset management portfolio, contribute to a bullish outlook. However, the lag in revenue growth compared to industry peers and below-average net margin suggests areas of concern that are balanced by the company's overall strong performance metrics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100