Federated Investors Inc (NYSE:FII) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 13, 2016
Yesterday Federated Investors Inc (NYSE:FII) traded -1.32% lower at $27.93. The company’s 50-day moving average is $30.96 and its 200-day moving average is $30.76. The last stock close price is down -9.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 623,019 shares of the stock were exchanged, down from an average trading volume of 674,932
Zacks Investment Research has downgraded Federated Investors Inc (NYSE:FII) to Sell in a report released on Thursday October 13, 2016.
Previously on 08/01/2016, KBW reported about Federated Investors Inc (NYSE:FII) raised the target price from $33.00 to $35.00. At the time, this indicated a possible upside of 0.10%.
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Federated Investors Inc has a 52 week low of $22.76 and a 52 week high of $33.13 with a P/E ratio of 15.25 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $27.56 with 2 firms rating the stock a strong buy, 0 firms rating the stock a buy, 4 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Federated Investors Inc (NYSE:FII)
Federated Investors, Inc. (Federated) is a provider of investment management products and related financial services. The Company is engaged in sponsoring, marketing and providing investment-related services to various investment products, including mutual funds and Separate Accounts, which include separately managed accounts, institutional accounts, sub-advised funds and other managed products, in both domestic and international markets. It operates in one segment, the investment management business. Federated provides investment advisory services to over 120 Federated-sponsored funds (the Federated Funds). It markets these funds to banks, brokers and dealers and other financial intermediaries to meet the needs of their customers and clients, including retail investors, corporations and retirement plans. The Company offers a range of products and strategies, including money market, equity and fixed-income investments.
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