RBC Capital Sticks to Their Buy Rating for Victory Capital Holdings Inc (VCTR)

In a report released yesterday, Kenneth Lee from RBC Capital maintained a Buy rating on Victory Capital Holdings Inc (VCTRResearch Report), with a price target of $20. The company’s shares closed last Monday at $16.93.

According to TipRanks.com, Lee is a 2-star analyst with an average return of 0.3% and a 46.9% success rate. Lee covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Owl Rock Capital Corp, and Ameriprise Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Victory Capital Holdings Inc with a $21.50 average price target, implying a 41.3% upside from current levels. In a report released yesterday, B.Riley FBR also reiterated a Buy rating on the stock with a $24 price target.

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Victory Capital Holdings Inc’s market cap is currently $1.14B and has a P/E ratio of 19.12. The company has a Price to Book ratio of 2.35.

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Victory Capital Holdings, Inc. engages in the provision of investment management products and services to institutional and intermediary clients. The company sells and distributes its products through centralized distribution model, broker-dealers, retirement platforms, and registered investment advisor networks.