KBW analyst Michael Brown maintained a Buy rating on Patria Investments (PAX – Research Report) today and set a price target of $20.00. The company’s shares opened today at $16.84.
Brown covers the Financial sector, focusing on stocks such as Apollo Global Management, Franklin Resources, and Jefferies. According to TipRanks, Brown has an average return of 15.8% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on Patria Investments is a Moderate Buy with an average price target of $20.00, representing a 18.76% upside. In a report released today, Goldman Sachs also maintained a Buy rating on the stock with a $20.00 price target.
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Based on Patria Investments’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $55.62 million and a net profit of $15.91 million. In comparison, last year the company earned a revenue of $119 million and had a net profit of $73.4 million
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Patria Investments Ltd is a private markets investment firm. It seeks to provide global and Latin American investors with attractive investment products that allows portfolio diversification and consistent returns.
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