Focus Financial Partners Inc (FOCS) Given Consensus Rating of “Hold” by Brokerages

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

Analysts have set a 12-month consensus target price of $43.50 for the company and are forecasting 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 68 out of 255 based on the ratings given to its competitors.

Several brokerages have recently issued reports on FOCS. Bank of America began coverage on shares of Focus Financial Partners in a research report on Monday, August 20th. They set a “neutral” rating and a $42.00 price target on the stock. Goldman Sachs Group began coverage on shares of Focus Financial Partners in a research report on Monday, August 20th. They set a “neutral” rating and a $42.00 price target on the stock. BMO Capital Markets began coverage on shares of Focus Financial Partners in a research report on Monday, August 20th. They set an “outperform” rating on the stock. Finally, William Blair began coverage on shares of Focus Financial Partners in a research report on Monday, August 20th. They set a “market perform” rating on the stock.

In other news, Director Deborah D. Mcwhinney bought 3,000 shares of Focus Financial Partners stock in a transaction that occurred on Monday, July 30th. The shares were purchased at an average price of $33.00 per share, with a total value of $99,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

An institutional investor recently bought a new position in Focus Financial Partners stock. Peregrine Capital Management LLC acquired a new position in shares of Focus Financial Partners Inc (NASDAQ:FOCS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 194,990 shares of the company’s stock, valued at approximately $9,254,000. Peregrine Capital Management LLC owned approximately 0.30% of Focus Financial Partners at the end of the most recent quarter.

Shares of NASDAQ FOCS traded down $0.25 during mid-day trading on Friday, reaching $41.84. 73,686 shares of the company were exchanged, compared to its average volume of 330,391. Focus Financial Partners has a 52 week low of $35.01 and a 52 week high of $49.51. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of -2.00.

Focus Financial Partners (NASDAQ:FOCS) last announced its quarterly earnings data on Tuesday, August 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The firm had revenue of $231.44 million during the quarter, compared to analysts’ expectations of $224.60 million. On average, analysts anticipate 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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