Zacks: Focus Financial Partners Inc (FOCS) Given Average Recommendation of “Hold” by Brokerages

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Shares of Focus Financial Partners Inc (NASDAQ:FOCS) have been assigned an average broker rating score of 2.67 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Brokerages have set a twelve-month consensus price target of $43.50 for the company and are expecting that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also given Focus Financial Partners an industry rank of 100 out of 255 based on the ratings given to its competitors.

FOCS has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective on the stock. Goldman Sachs Group assumed coverage on Focus Financial Partners in a research note on Monday, August 20th. They issued a “neutral” rating and a $42.00 price objective on the stock. BMO Capital Markets assumed coverage on Focus Financial Partners in a research note on Monday, August 20th. They set an “outperform” rating on the stock. Finally, William Blair assumed coverage on Focus Financial Partners in a research note on Monday, August 20th. They set a “market perform” rating on the stock.

In other news, Director Deborah D. Mcwhinney purchased 3,000 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $99,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Focus Financial Partners stock traded down $0.69 during trading on Friday, reaching $40.56. The company’s stock had a trading volume of 265,742 shares, compared to its average volume of 328,065. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of -2.00. Focus Financial Partners has a one year low of $35.01 and a one year high of $49.51.

Focus Financial Partners (NASDAQ:FOCS) last posted its quarterly earnings data on Tuesday, August 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $231.44 million during the quarter, compared to the consensus estimate of $224.60 million. As a group, research analysts predict that Focus Financial Partners will post 1.16 earnings per share for the current year.

Focus Financial Partners Company Profile

Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.

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