Deutsche Bank (DE:DBKGn) analyst Brian Bedell maintained a Hold rating on Franklin Resources (NYSE:BEN) on Friday, setting a price target of $18, which is approximately 3.87% above the present share price of $17.33.
Bedell expects Franklin Resources to post earnings per share (EPS) of $0.16 for the second quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Sell rating of shares in Franklin Resources, with an average price target of $19.82.
The analysts price targets range from a high of $27 to a low of $15.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.34 billion and a net profit of $356.1 million. The company's market cap is $8.93 billion.
According to TipRanks.com, Deutsche Bank analyst Brian Bedell is a 4-star analyst with an average return of 1.6% and a 47.3% success rate.
Franklin Resources, Inc. is a holding company, which engages in the provision of investment management and related services. It offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares, and Edinburgh Partners. The company was founded by Rupert H. Johnson, Sr. in 1947 and is headquartered in San Mateo, CA.
