Broadridge Financial Solutions Given New $40.00 Price Target at Credit Suisse (BR)

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Credit Suisse lifted their price objective on shares of Broadridge Financial Solutions (NYSE:BR) from $39.00 to $40.00 in a research note issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target points to a potential upside of 0.55% from the company’s current price.

Broadridge Financial Solutions (NYSE:BR) traded down 1.23% on Wednesday, hitting $39.29. The stock had a trading volume of 423,322 shares. Broadridge Financial Solutions has a one year low of $25.65 and a one year high of $40.36. The stock has a 50-day moving average of $37.36 and a 200-day moving average of $37.50. The company has a market cap of $4.711 billion and a P/E ratio of 19.22.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Friday, May 9th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.04. The company had revenue of $606.00 million for the quarter, compared to the consensus estimate of $593.31 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Broadridge Financial Solutions will post $2.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Monday, June 16th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, June 12th.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $39.00 to $41.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Analysts at Zacks downgraded shares of Broadridge Financial Solutions from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $43.10 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.62.

Broadridge Financial Solutions, Inc (NYSE:BR) is a global provider of investor communications and technology-driven solutions to banks/broker-dealers, mutual funds and corporate issuers.

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