Is Broadridge Financial Solutions, Inc. (BR) a Buy? The Stock Reaches 52-Week High Today

January 20, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.01, from 1.02 in 2017Q2. It worsened, as 23 investors sold Broadridge Financial Solutions, Inc. shares while 162 reduced holdings. 46 funds opened positions while 140 raised stakes. 95.51 million shares or 0.01% more from 95.50 million shares in 2017Q2 were reported.
Tci Wealth Advisors Inc owns 113 shares. Liberty Mutual Gru Asset Mngmt invested 0.17% in Broadridge Financial Solutions, Inc. (NYSE:BR). Burney owns 0.09% invested in Broadridge Financial Solutions, Inc. (NYSE:BR) for 18,737 shares. Pennsylvania Tru Co, Pennsylvania-based fund reported 133,819 shares. Focused Wealth Management holds 31 shares. Ngam L P reported 143,608 shares. Ls Investment Advisors Ltd Llc invested in 13,336 shares or 0.06% of the stock. Bowling Portfolio Mngmt Lc owns 51,741 shares. Inv Mgmt Of Virginia Lc holds 17,897 shares or 0.34% of its portfolio. Timessquare Cap Ltd Liability Com holds 0.44% or 817,500 shares. Diamond Hill Capital stated it has 0.2% of its portfolio in Broadridge Financial Solutions, Inc. (NYSE:BR). Rhumbline Advisers owns 314,195 shares or 0.06% of their US portfolio. State Of Alaska Department Of Revenue owns 4,624 shares or 0.02% of their US portfolio. Legal & General Grp Inc Public Limited Liability Co owns 730,628 shares. First Allied Advisory Svcs Incorporated stated it has 9,212 shares.

The stock of Broadridge Financial Solutions, Inc. (NYSE:BR) hit a new 52-week high and has $102.65 target or 7.00 % above today’s $95.93 share price. The 7 months bullish chart indicates low risk for the $11.18 billion company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $102.65 price target is reached, the company will be worth $782.67 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.84% or $0.8 during the last trading session, reaching $95.93. About 289,335 shares traded. Broadridge Financial Solutions, Inc. (NYSE:BR) has risen 17.08% since January 20, 2017 and is uptrending. It has outperformed by 0.38% the S&P500.

Analysts await Broadridge Financial Solutions, Inc. (NYSE:BR) to report earnings on February, 14. They expect $0.58 EPS, up 48.72 % or $0.19 from last year’s $0.39 per share. BR’s profit will be $67.60M for 41.35 P/E if the $0.58 EPS becomes a reality. After $0.54 actual EPS reported by Broadridge Financial Solutions, Inc. for the previous quarter, Wall Street now forecasts 7.41 % EPS growth.

Broadridge Financial Solutions, Inc. (NYSE:BR) Ratings Coverage

Among 7 analysts covering Broadridge Financial Solutions (NYSE:BR), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Broadridge Financial Solutions had 15 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, August 11 by Barclays Capital. As per Monday, November 2, the company rating was maintained by Barclays Capital. The stock has “Market Perform” rating by Raymond James on Tuesday, June 7. Avondale downgraded it to “Market Perform” rating and $65 target in Wednesday, June 15 report. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm has “Equal-Weight” rating given on Thursday, November 9 by Barclays Capital. The stock has “Overweight” rating by Atlantic Securities on Tuesday, September 13. As per Wednesday, September 16, the company rating was initiated by Barclays Capital. Avondale upgraded the stock to “Market Outperform” rating in Friday, January 8 report. JP Morgan maintained it with “Neutral” rating and $59 target in Friday, August 14 report.

More important recent Broadridge Financial Solutions, Inc. (NYSE:BR) news were published by: Newsday.com which released: “Broadridge Financial Solutions buys Morningstar unit” on January 02, 2018, also Newsday.com published article titled: “Broadridge Financial creates international division”, Zacks.com published: “Broadridge Closes Morningstar’s Board Consulting Unit Buyout” on January 03, 2018. More interesting news about Broadridge Financial Solutions, Inc. (NYSE:BR) was released by: Prnewswire.com and their article: “Broadridge Named One of FORTUNE Magazine’s 2018 ‘World’s Most Admired Companies'” with publication date: January 19, 2018.

Broadridge Financial Solutions, Inc

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.