The stock of Broadridge Financial Solutions Inc. (NYSE:BR) increased by $2.54 on Friday to finish at $181.90, up 1.42 percent. The last five days have seen an average of 674,660 shares of common stock traded. 30 times new highs were reached in the current year, with a gain of $47.77. The average number of shares traded over the last 20 days was 454,010, while the average volume over the last 50 days totaled 450,488.
BR stock appreciated 8.31% since last month. On 08/03/23, the company’s shares reached a one-month low of $164.99. The stock touched a high of $183.33 on 08/11/23, after rallying from a low of $131.35 in 52 weeks. The price of BR stock has risen by 35.61% or $47.77 this year, reaching a new high 30 times. Still, the stock price is down -0.78% from the 52-week high.
Insider Transactions
BR stock investors should be aware that Broadridge Financial Solutions Inc. (BR) stock had its last reported insider trading activity 4 days ago on Aug 10. On Aug 10, Corporate SVP SCHIFELLITE ROBERT sold 26,109 shares at $179.27 each. This transaction resulted in the insider making $4,680,461. On Aug 10, PERRY CHRISTOPHER JOHN sold 10,118 shares at a price of US$180.57. After the transaction, the insider now owns 69,365 shares. President PERRY CHRISTOPHER JOHN had earlier sold 1,939 shares on Aug 09 for $180.09 a share. The transaction was completed for $349,189.
Valuation Metrics
Broadridge Financial Solutions Inc. (BR) has a trailing price-to-earnings (P/E) ratio of 34.38. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.50, the price-to-book (PB) ratio of 9.58, and the price-to-cash flow ratio of 28.32.
Company paid $0.80 per share in dividends, an increase of 10.34% from $0.7250 last year.
Financial Health
For the three months ended June 29, Broadridge Financial Solutions Inc.’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.00, and the total debt to equity ratio is 1.52. As far as profitability goes, gross margin for the trailing twelve months is 29.50% percent. Broadridge Financial Solutions Inc.’s EBITDA margin for the year ended June 29 was 22.24%, whereas its operating margin stood at 15.40% for the same period. Based on annual data, it had gross profit of $1.79 billion and revenue of $6.06 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BR’s return on assets (ROA) during the last 12 months has been 7.70%. There was a 13.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 31.80%.
Earnings Surprise
According to Broadridge Financial Solutions Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.84 billion, while revenues rose by 6.31% to $1.65 billion. It was predicted that Broadridge Financial Solutions Inc.’s quarterly earnings would be $3.21, but it ended up being $3.11, beating the consensus by 3.20%. At the end of Broadridge Financial Solutions Inc.’s most recent quarter ended June 29, its liabilities totaled 5.99 billion, while its total debt was $3.65 billion.
Technical Picture
Here’s a quick look at Broadridge Financial Solutions Inc.’s (BR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 83.74%, suggesting the stock is Overbought, with a 30.93% historical volatility rate.
The stochastic %K and %D were 90.28% and 82.74% respectively, while the average true range (ATR) was 3.26. Based on the 14-day stochastic reading of 97.52%, the RSI (14) reading is 79.21%. On the 9-day MACD Oscillator, the stock is at 7.79, and the 14-day reading is at 8.66.
Analyst Ratings
In its analyst report released on April 24, 2023, RBC Capital Mkts began covering Broadridge Financial Solutions Inc. (NYSE: BR). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Broadridge Financial Solutions Inc. (BR) an Overweight rating. BR is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 2 others recommend it as a buy.
What is BR’s price target for the next 12 months?
The current consensus forecast for the stock is between $150.00 and $203.00, with a median target price of $178.00. In analyzing these forecasts, the average price target given by analysts for Broadridge Financial Solutions Inc. (BR) is $178.00.
