Zacks: Focus Financial Partners Inc (FOCS) Given $43.50 Consensus Price Target by Brokerages
Shares of Focus Financial Partners Inc (NASDAQ:FOCS) have been given an average broker rating score of 2.67 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.
Brokerages have set a 1-year consensus target price of $43.50 for the company and are expecting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Focus Financial Partners an industry rank of 154 out of 257 based on the ratings given to related companies.
FOCS has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on Focus Financial Partners to $57.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. William Blair initiated coverage on Focus Financial Partners in a research report on Monday, August 20th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Bank of America initiated coverage on Focus Financial Partners in a research report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective for the company. Finally, Goldman Sachs Group initiated coverage on Focus Financial Partners in a research report on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective for the company.
Shares of NASDAQ:FOCS opened at $29.03 on Thursday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 1.23. Focus Financial Partners has a 52 week low of $28.87 and a 52 week high of $49.51.
Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Tuesday, November 13th. The company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. The business had revenue of $235.70 million during the quarter, compared to the consensus estimate of $240.01 million. Focus Financial Partners had a negative return on equity of 4.59% and a negative net margin of 4.64%. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. As a group, equities analysts anticipate that Focus Financial Partners will post 1.16 EPS for the current fiscal year.
Focus Financial Partners Company Profile
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.
Recommended Story: Understanding debt-to-equity ratio in fundamental analysis
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Focus Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Focus Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.