Zacks Investment Research downgraded Broadridge Financial Solutions, Inc. (NYSE:BR) to Sell in a report released earlier today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Broadridge Financial Solutions, Inc. (NYSE:BR) to Sell in a statement released on Monday October 03, 2016.
Only yesterday Broadridge Financial Solutions, Inc. (NYSE:BR) traded -0.31% lower at $67.79. BR’s 50-day average is $68.87 and its two hundred day average is $64.66. The last close is up 4.51% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 574,669 shares of the stock were exchanged, down from an average trading volume of 625,620
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Broadridge Financial Solutions, Inc. has a P/E ratio of 26.71 with a one year low of $48.56 and a one year high of $71.74 Broadridge Financial Solutions, Inc.’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 equity analysts have released a ratings update on Broadridge Financial Solutions, Inc.. The 12-month price target is $66.80 with zero analysts rating the company a strong buy, 3 brokers rating the stock a buy, three equity analysts rating the company a hold, 0 firms rating the stock a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Broadridge Financial Solutions, Inc. (NYSE:BR)
Broadridge Financial Solutions, Inc. (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company's segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment. The Company offers a middle- and back-office securities processing platform for North American and global broker-dealers. Its services include investor and customer communications, securities processing, and data and analytics solutions. The Company delivers a range of solutions that helps its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing functionality.
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