latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/53975091 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In This List

5 securities and investments companies trading at least 30% below price targets

Street Talk Episode 52 - A bank's 'knife fight' to stay high performing in a low rate environment

Financial Plumbing Prone To Clogging Amid Bank Liquidity Trap

New York Fed Increases Planned Repo Purchases Amid Quarter-End Demand For Cash

Fed Poised To Relax Key Rules For Large Banks


5 securities and investments companies trading at least 30% below price targets

Most companies in the U.S. asset management and broker/dealer sectors were trading below analyst targets as of Aug. 30, with five trading 30% or more below analysts' mean one-year price targets and another 17 trading at least 20% below targets. Overall, stocks in the sector carried an 18.0% median upside to price target, according to S&P Global Market Intelligence data.

Asset manager Ashford Inc. easily carried the largest implied upside in the industry, at 206.3%. The company’s shares were down 72.6% for the year ended Aug. 30, and all analysts covering the stock had a buy recommendation.

In June, Ashford announced it would acquire Remington Holdings LP's hotel management business for $275 million. In 2018, Ashford acquired Remington's project management business for $203 million.

Another asset manager, Invesco Ltd., had the second-highest implied upside at 37.1%, while investment bank Cowen Inc. had the third-highest upside. Despite posting a one-year total return of 66.5%, asset manager Victory Capital Holdings Inc. had the fourth-highest upside, at 36.2%.

On the other hand, five securities and investment companies were already trading above their one-year mean price targets as of Aug. 30. MarketAxess Holdings Inc., an electronic-trading platform, topped the list, trading 19.7% above its target. None of the 14 analysts covering the stock rated it a "buy."

Hamilton Lane Inc. was the only other company in the analysis trading more than 10% above analysts' mean price targets.

In this analysis, S&P Global Market Intelligence examined 48 U.S. securities and investment companies trading on major exchanges in relation to their mean one-year analyst price targets as of Aug. 30. Only stocks with three or more analyst price targets less than a year old and trading above $5 per share were included.

SNL Image

SNL Image

Did you enjoy this analysis? Click here to set alerts for future Data Dispatches.