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Zacks Investment Research announced Franklin Electric Co. (NASDAQ:FELE), raising its target price to $45.00 today

Franklin Electric Co. (NASDAQ:FELE) had its target bumped up to $45.00 by Zacks Investment Research in an issued report issued 10/10/2016. The updated stock price target indicates a possible upside of 0.12% based on the company's most recent close.

Having a price of $40.15, Franklin Electric Co. (NASDAQ:FELE) traded 0.55% higher on the day. With the last close up 13.42% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Franklin Electric Co. has recorded a 50-day average of $38.90 and a two hundred day average of $35.40. Volume of trade was down over the average, with 143,046 shares of FELE changing hands under the typical 153,566

Performance Chart

Franklin Electric Co. (NASDAQ:FELE)

With a total market value of $0, Franklin Electric Co. has price-earnings ratio of 26.07 with a one year low of $23.75 and a one year high of $41.13 .

A total of 7 analysts have released a report on Franklin Electric Co.. zero analysts rating the company a strong buy, three analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $33.57.

More About Franklin Electric Co. (NASDAQ:FELE)

Franklin Electric Co., Inc., together with its subsidiaries, is engaged in designing, manufacturing and distributing water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, and related parts and equipment. The Company's segments include the Water Systems segment and the Fueling Systems segment. The Company's Water Systems and Fueling Systems products and related equipment are sold to specialty distributors and some original equipment manufacturers (OEMs), as well as industrial and petroleum equipment distributors, and oil and utility companies. The Company's Water Systems segment produces and markets water pumping systems. It is also engaged in submersible motors, pumps, drives, electronic controls and monitoring devices. The Company's Fueling Systems segment is engaged in the production and marketing of fuel pumping systems, fuel containment systems, and monitoring and control systems.

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