Shares of Pzena Investment Management, Inc. (NYSE:PZN) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a 12-month consensus price target of $9.00 for the company and are predicting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also assigned Pzena Investment Management an industry rank of 19 out of 255 based on the ratings given to its competitors.
Several brokerages have recently issued reports on PZN. Zacks Investment Research cut Pzena Investment Management from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Pzena Investment Management from a “hold” rating to a “sell” rating in a report on Monday, March 11th.
PZN stock traded down $0.03 during midday trading on Wednesday, hitting $8.34. The company’s stock had a trading volume of 79,100 shares, compared to its average volume of 61,950. The company has a market capitalization of $577.14 million, a price-to-earnings ratio of 10.83 and a beta of 1.15. Pzena Investment Management has a 12 month low of $7.36 and a 12 month high of $10.48.
Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings data on Tuesday, February 5th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $36.40 million for the quarter, compared to analysts’ expectations of $36.79 million. Pzena Investment Management had a return on equity of 15.14% and a net margin of 8.98%. On average, equities analysts predict that Pzena Investment Management will post 0.68 EPS for the current fiscal year.
Pzena Investment Management Company Profile
Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.
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