These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results
These Analysts Boost Their Forecasts On Federated Hermes After Q3 Results
Federated Hermes shares gained 3.5% to trade at $39.97 on Monday.Federated Hermes, Inc. (NYSE:FHI) reported upbeat earnings for the third quarter, after the closing bell on Thursday.
纽交所公司federated hermes（NYSE：FHI）周四收盘后报告了第三季度业绩乐观。
The company posted quarterly earnings of $1.06 per share which beat the analyst consensus estimate of 91 cents per share. The company reported quarterly sales of $408.456 million which missed the analyst consensus estimate of $409.260 million.
该公司每股季度盈利1.06美元，超过了分析师共识预期的91美分。该公司季度销售额为40845.6万美元，低于分析师共识预期的40926万美元。
"Federated Hermes reached record assets under management for the eighth consecutive quarter on the strength of flows into money market and fixed-income products, along with market appreciation of equity and fixed-income assets. This continued after the Fed's mid-September rate cut, as money market products historically offer a yield advantage when compared to bank deposit accounts and some securities in the direct market," said J. Christopher Donahue, president and chief executive officer. "We also saw interest in our Total Return Bond Fund and core plus strategies—in mutual fund, ETF and collective investment fund offerings—as those products are well positioned to meet changing market conditions. In equities, we saw positive net flows in nine of our strong-performing Federated Hermes MDT quantitative mutual funds and ETFs."
“在资金流入货币市场和固定收益产品的势头带动下，纽交所federated hermes资产连续第八个季度创下记录，加上股票和固定收益资产的市场升值。在美联储9月中旬降息后，货币市场产品在与银行存款账户和一些直接市场的证券相比具有收益优势的历史优势得以延续，”首席执行官兼总裁J·克里斯托弗·多纳修（J. Christopher Donahue）表示。“我们还看到人们对我们的总回报债券基金和核心增强策略——在共同基金、ETF基金和集合投资基金产品中的需求增加——因为这些产品定位良好，能够满足不断变化的市场条件。在股票方面，我们看到我们收益强劲的纽交所federated hermes MDt量化共同基金和ETF基金中有九只基金出现净流入。”
Federated Hermes shares gained 3.5% to trade at $39.97 on Monday.
周一，纽交所federated hermes股价上涨3.5%，报39.97美元。
These analysts made changes to their price targets on Federated Hermes following earnings announcement.
这些分析师根据业绩公告对纽交所federated hermes的目标股价做出了调整。
- TD Cowen analyst Bill Kirk upgraded Federated Hermes from Hold to Buy and raised the price target from $35 to $46.
- RBC Capital analyst Kenneth Lee maintained the stock with a Sector Perform and raised the price target from $36 to $39.
- TD Cowen分析师比尔·柯克将纽交所federated hermes评级从持有升级至买入，并将目标股价从35美元提高至46美元。
- RBC Capital分析师肯尼斯·李维持股票评级为板块表现，并将目标股价从36美元上调至39美元。
Considering buying FHI stock? Here's what analysts think:
考虑购买federated hermes股票？以下是分析师的看法：
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