Safeguard Scientifics was Upgraded to a Hold Rating at KBW

By Austin Angelo

Safeguard Scientifics (NYSE: SFE) received a Hold rating and a $13.25 price target from KBW analyst Robert Lee today. The company’s shares opened today at $11.90.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 8.7% and a 72.1% success rate. Lee covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and Janus Henderson Group plc.

Safeguard Scientifics has an analyst consensus of Hold, with a price target consensus of $13.25.

Based on Safeguard Scientifics’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $0 and GAAP net loss of $18.65 million. In comparison, last year the company earned revenue of $0 and had a GAAP net loss of $24.09 million.

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Safeguard Scientifics, Inc. engages in the provision of operational and management support solutions. It provides capital to technology-driven businesses in healthcare, financial services and digital media. The company was founded by Warren V. Musser and Frank A. Diamond in 1953 and is headquartered in Radnor, PA.