BrightSphere Investment (BSIG) Equal-Weight Rating Maintained Today By Morgan Stanley; The Price Target is $16

July 12, 2018 - By Mona Holcomb

BrightSphere Investment (BSIG) Rating Reaffirmed

Morgan Stanley now has a $16 target price on shares of BrightSphere Investment (BSIG). The target price suggests a potential upside of 16.45 % from the last stock close of BrightSphere Investment (BSIG). This rating was revealed in a note on 12 July.

BrightSphere Investment Group plc (NYSE:BSIG) Ratings Coverage

Among 4 analysts covering BrightSphere Investment (BSIG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. BrightSphere Investment has $23 highest and $18 lowest target. $20.67’s average target is 50.44% above currents $13.74 stock price. BrightSphere Investment had 4 analyst reports since April 10, 2018 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 10. Credit Suisse maintained the stock with “Outperform” rating in Friday, May 4 report. Sandler O’Neill upgraded the shares of BSIG in report on Monday, April 30 to “Buy” rating. The stock of BrightSphere Investment Group plc (NYSE:BSIG) earned “Buy” rating by Citigroup on Friday, May 4.

The stock decreased 2.21% or $0.31 during the last trading session, reaching $13.74. About 201,668 shares traded. BrightSphere Investment Group plc (BSIG) has risen 11.79% since July 12, 2017 and is uptrending. It has underperformed by 0.78% the S&P500.

Analysts await BrightSphere Investment Group plc (NYSE:BSIG) to report earnings on August, 2 before the open. They expect $0.46 EPS, up 9.52 % or $0.04 from last year’s $0.42 per share. BSIG’s profit will be $50.62M for 7.47 P/E if the $0.46 EPS becomes a reality. After $0.50 actual EPS reported by BrightSphere Investment Group plc for the previous quarter, Wall Street now forecasts -8.00 % negative EPS growth.

BrightSphere Investment Group plc is a publically owned asset management holding company. The company has market cap of $1.51 billion. The firm provides its services to individuals and institutions. It has a 38.06 P/E ratio. It manages separate client focused portfolios through its subsidiaries.

More news for BrightSphere Investment Group plc (NYSE:BSIG) were recently published by: Businesswire.com, which released: “BrightSphere to Report Financial and Operating Results for the Second Quarter Ended June 30, 2018” on June 27, 2018. Businesswire.com‘s article titled: “TSW Announces Next Steps in Planned Succession Process” and published on June 13, 2018 is yet another important article.

BrightSphere Investment Group plc (NYSE:BSIG) Ratings Chart

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