Royal Bank Of Canada Upgrades StepStone Group to Moderate Buy

StepStone Group (NASDAQ:STEP) has been upgraded to 'Moderate Buy' by Royal Bank Of Canada, according to Zacks. This rating change comes after a report released on Wednesday.

The company's stock price opened at $48.92 on the same day. The market capitalization of StepStone Group is $5.84 billion, and its PE ratio stands at -6.34. The firm has a beta of 1.29 and a current debt-to-equity ratio of 1.22.

Recently, other analysts have also commented on the company's stock. Wall Street Zen downgraded StepStone Group from 'Hold' to 'Sell', while BMO Capital Markets reaffirmed an 'Outperform' rating with a $58.00 target price. UBS Group upped its price objective from $63.00 to $69.00 and gave the company a 'Buy' rating.

Eight analysts have rated the stock with a 'Buy' rating, two have assigned a 'Hold' rating, and one has assigned a 'Sell' rating. The average rating is 'Moderate Buy', and the average price target is $70.56.