Is Federated Hermes Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 4 Wall Street analysts covering (NYSE: FHI) stock is to Buy FHI stock.
Out of 4 analysts, 1 (25%) are recommending FHI as a Strong Buy, 2 (50%) are recommending FHI as a Buy, 1 (25%) are recommending FHI as a Hold, 0 (0%) are recommending FHI as a Sell, and 0 (0%) are recommending FHI as a Strong Sell.
What is FHI's forecast return on equity (ROE) for 2023-2024?
(NYSE: FHI) forecast ROE is 30.53%, which is considered strong.
What is FHI's Price Target?
According to 4 Wall Street analysts that have issued a 1 year FHI price target, the average FHI price target is $43.25, with the highest FHI stock price forecast at $48.00 and the lowest FHI stock price forecast at $35.00.
On average, Wall Street analysts predict that Federated Hermes's share price could reach $43.25 by Sep 12, 2024. The average Federated Hermes stock price prediction forecasts a potential upside of 24.17% from the current FHI share price of $34.83.
What is FHI's forecast return on assets (ROA) for 2023-2024?
(NYSE: FHI) forecast ROA is 16.8%, which is higher than the forecast US Asset Management industry average of 5.77%.
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