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Broadridge Financial Solutions (NYSE:BR) stock reached an all-time high of 247.15 USD, marking a significant milestone for the $29 billion market cap company. According to InvestingPro data, the stock is currently trading near its 52-week high with a P/E ratio of 36.7x. This achievement reflects a robust year for the stock, which has delivered a total return of 21.3% over the past year. The company’s consistent performance, including 18 consecutive years of dividend increases and a current yield of 1.45%, has contributed to this upward trajectory. InvestingPro analysis indicates the stock is slightly overvalued at current levels, though it maintains a "GOOD" overall financial health rating. As Broadridge Financial Solutions continues to innovate and expand its services, the stock’s performance remains a focal point for market watchers and investors alike. Discover 10 additional exclusive insights about Broadridge with an InvestingPro subscription, including detailed valuation metrics and growth forecasts.
In other recent news, Broadridge Financial has announced an agreement to acquire Acolin, a European provider of cross-border fund distribution and regulatory services. This acquisition aims to create a pan-European fund distribution network, enhancing Broadridge’s access to investors and distribution partners. Acolin, based in Zurich, serves over 350 clients and connects with more than 3,000 distributors across 30 countries. Financial details of the transaction remain undisclosed, and DA Davidson maintains a Neutral rating with a $220.00 price target for Broadridge, expecting no material impact on fiscal 2026 forecasts.
RBC Capital Markets, on the other hand, continues to hold an Outperform rating for Broadridge with a price target of $259.00. Their confidence is bolstered by recent discussions with Broadridge’s executives, focusing on the company’s growth sustainability and mergers and acquisitions strategy. RBC analysts emphasized Broadridge’s ability to sustain growth in volatile market conditions, citing the company’s robust financial performance and improved financial flexibility. Additionally, they noted that Broadridge’s free cash flow conversion has returned to its historical average, signaling positive prospects for shareholder value generation.
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