Shares of Pzena Investment Management, Inc. (NYSE:PZN) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a twelve-month consensus price target of $8.50 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 249 out of 256 based on the ratings given to its competitors.
Several research analysts have commented on the company. ValuEngine downgraded Pzena Investment Management from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, October 18th.
PZN traded down $0.55 during trading on Monday, hitting $8.81. 32,386 shares of the stock were exchanged, compared to its average volume of 63,387. The company has a market capitalization of $648.67 million, a P/E ratio of 13.98 and a beta of 1.30. Pzena Investment Management has a 1 year low of $8.39 and a 1 year high of $13.15.
Pzena Investment Management (NYSE:PZN) last released its quarterly earnings data on Thursday, October 18th. The asset manager reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $39.58 million for the quarter, compared to the consensus estimate of $38.26 million. Pzena Investment Management had a return on equity of 16.00% and a net margin of 6.54%. Equities analysts anticipate that Pzena Investment Management will post 0.82 EPS for the current year.
About Pzena Investment Management
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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