Looking into the technicals, Franklin Resources, Inc. (NYSE:BEN) has scored 16% Sell indication. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the BEN’s short-term trajectory should know that short terms indicators for the stock averaged 0% Hold with an average daily trading volume over the past 20 days at 4227200 shares. BEN stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 4048604 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 3941670 shares, is 0% Hold on the basis of long term indicators.
The share price is currently staying around the first support level of $29.84. Below this, the next support is placed in the zone of $29.36. Till the time, the BEN stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 50.55 on daily chart, which may remain a cause for concern. If the price breaks below $29.36 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $30.58 mark may result into a pull-back move towards $30.83 level.
Franklin Resources, Inc. (BEN) is projected to climb by -6.53 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $32-month high price target. This represents a whopping 5.51 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $29, which represents a return potential of -4.39 percent when compared to the closing price of the stock of $30.33 on Friday, January 11. The lowest price target for the stock is $23 — slightly more than -24.17 percent from BEN’s current share price.
Here’s a rundown of insider trading activity for sense of Franklin Resources, Inc. (NYSE:BEN). The earliest insider trade took place on 12/03/2018. Tyle Craig Steven parted with a total of 10.22 thousand shares of company at average share price of $34.26. The total for the sales was set at $350 thousand. After this transaction, the EVP and General Counsel account balance stood at 125.31 thousand shares. The stock lost -11.47 percent since that insider sale. On 11/23/2018, Johnson Rupert H Jr, Vice Chairman, 10% Owner, sold 516 thousand shares at a price per share of $32.42. This removed 16.73 million shares from the insider’s fortune and the stock saw a -6.45 percent retreat in value since the news became public. This transaction left 104 million shares in the Vice Chairman, 10% Owner account. On 09/21/2018, Senior Vice President Plafker Jed A. performed a sale transaction worth $158.34 thousand. This sale at $32.85 each has eliminated 4.82 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -7.67 percent decrease since the transaction was reported. The insider now is left with 56.88 thousand shares remaining in the account. Tyle Craig Steven, who performs the EVP and General Counsel job, sold 11.17 thousand shares for $350.02 thousand. The disposal occurred on 09/04/2018 was priced at $31.35 per share. The share price plunged -3.25 percent since the reporting date. Tyle Craig Steven now left with a stake of 118.83 thousand BEN stock worth $3.6 million after the insider selling.
BEN shares dropped -0.14 points or -0.46 percent on Friday to $30.33 with a light trade volume of 3.482 million shares. After opening the session at $29.85, the shares went as high as $30.34 and as low as $29.605, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15.6 billion and now has 514.63 million shares outstanding. Franklin Resources, Inc. (BEN) stock has lost -3.84 percent of market value in 21 trading days.
Analysts at BofA/Merrill cut their rating on shares of Franklin Resources, Inc. (NYSE:BEN) from Neutral to Underperform in their opinion released on January 11. Evercore ISI analysts have downgraded their rating of BEN stock from In-line to Underperform in a separate flash note to investors on January 08. Analysts at JP Morgan downgraded the stock to a Underweight call from its previous Neutral stance, in a research note that dated back to September 06.
BEN stock has a trailing 3-year beta of 1.25, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.22 a share in the trailing twelve months. The stock’s value has surged 2.26 percent year to date (YTD) against a decline of -23.83 percent in 12 month’s time. The company’s shares still trade -28.29 percent away from its 1-year high of $42.29 and 10.94 percent up from 52-week low of $27.34. The average consensus rating on the company is 3.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a hold.
Shares of Franklin Resources, Inc. (BEN) are trading at a P/E ratio of 10.37 times earnings reported for the past 12 months. The industry BEN operates in has an average P/E of 229.55. Its P/E ratio went as low as 9.54X and as high as 13.6 over the 5-year span. Further, it is sporting a 2.47 on the Price-to-Sales ratio. Compare this with the industry average P/S of 52.72. 0 percent is the gross profit margin for Franklin Resources, Inc. and operating margin sits at 33.5 percent. Along with this, the net profit margin is 11.8 percent.
BEN will be declaring its Q1 financial results on January 30. Analysts are forecasting revenue to suffer decline of -9.5 percent to $1.46B in the next fiscal quarter, while earnings are seen soaring by nearly -22.73 percent to $0.68 per share. History has shown that shares in Franklin Resources, Inc. have gone up on 18 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $1.13 per share, better than the $0.74, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.53B, worse than the $1.55B analysts expected. Earnings are estimated to increase by 5.9 percent this year, 1.85 percent next year and continue to increase by -5.63 percent annually for the next 5 years.