Franklin Electric (FELE) Stock Forecast & Price Target

$104.94

+1.02 (+0.98%)

(As of 10/9/2024 ET)

Franklin Electric - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 3 Analyst Ratings

Sell
0

Hold
2

Buy
1

Based on 3 Wall Street analysts who have issued ratings for Franklin Electric in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 2 have given a hold rating, and 1 has given a buy rating for FELE.

Consensus Price Target

$100.00
-4.71% Downside

According to the 3 analysts' twelve-month price targets for Franklin Electric, the average price target is $100.00. The highest price target for FELE is $110.00, while the lowest price target for FELE is $90.00. The average price target represents a forecasted downside of -4.71% from the current price of $104.94.

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FELE Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$100.00	$100.00	$100.00	$96.00
Forecasted Upside	-4.71% Downside	4.61% Upside	1.88% Upside	6.74% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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FELE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FELE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Franklin Electric Stock vs. The Competition

Type	Franklin Electric	Industrial Products Companies	S&P 500
Consensus Rating Score	2.33	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-4.71% Downside	35.12% Upside	7.27% Upside
News Sentiment Rating	Positive News See Recent FELE News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/1/2024	DA Davidson 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$87.00 ➝ $90.00	-7.84%
2/23/2024	Northcoast Research 5 of 5 stars		Upgrade	Neutral ➝ Buy	$110.00	+11.82%
2/14/2024	Robert W. Baird 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$91.00 ➝ $100.00	+2.35%
5/10/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Liptak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
4/18/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:26 PM ET.

FELE Forecast - Frequently Asked Questions

: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Franklin Electric is $100.00, with a high forecast of $110.00 and a low forecast of $90.00.
: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Franklin Electric in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FELE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FELE, but not buy additional shares or sell existing shares.
: According to analysts, Franklin Electric's stock has a predicted downside of -4.71% based on their 12-month stock forecasts.
: Analysts like Franklin Electric less than other "industrial products" companies. The consensus rating for Franklin Electric is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how FELE compares to other companies.