Franklin Electric Co., Inc. (FELE)
NASDAQ: FELE · IEX Real-Time Price · USD
102.72
+0.17 (0.17%)
Apr 26, 2024, 10:48 AM EDT - Market open
Franklin Electric Co. Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for FELE stock have an average target of 95, with a low estimate of 90 and a high estimate of 100. The average target predicts a decrease of -7.51% from the current stock price of 102.72.
Analyst Consensus: Buy
* Price targets were last updated on Feb 14, 2024.
Analyst Ratings
The average analyst rating for FELE stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 1 | 1 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 5 | 5 | 5 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 4 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Northcoast Research | Northcoast Research | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | Feb 23, 2024 |
| Baird | Baird | Hold Maintains $91 → $100 | Hold | Maintains | $91 → $100 | -2.64% | Feb 14, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $85 → $90 | Hold | Maintains | $85 → $90 | -12.38% | May 3, 2023 |
| Oppenheimer | Oppenheimer | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Apr 19, 2023 |
| DA Davidson | DA Davidson | Hold Maintains $80 → $85 | Hold | Maintains | $80 → $85 | -17.25% | Feb 15, 2023 |
Financial Forecast
Revenue This Year
2.16B
from 2.07B
Increased by 4.74%
Revenue Next Year
2.26B
from 2.16B
Increased by 4.44%
EPS This Year
4.41
from 4.11
Increased by 7.38%
EPS Next Year
4.82
from 4.41
Increased by 9.13%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 2.2B | 2.4B |
| Avg | 2.2B | 2.3B |
| Low | 2.1B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 8.9% | 8.6% |
| Avg | 4.7% | 4.4% |
| Low | -0.7% | -1.5% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 4.60 | 5.06 |
| Avg | 4.41 | 4.82 |
| Low | 4.17 | 4.46 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 11.9% | 14.7% |
| Avg | 7.4% | 9.1% |
| Low | 1.4% | 1.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.