Analyst Price Target is $88.33
▼ -5.56% Downside Potential
This price target is based on 5 analysts offering 12 month price targets for Franklin Electric in the last 3 months. The average price target is $88.33, with a high forecast of $93.00 and a low forecast of $82.00. The average price target represents a -5.56% upside from the last price of $93.53.
Current Consensus is
The current consensus among 5 contributing investment analysts is to hold stock in Franklin Electric. This rating has held steady since July 2022, when it changed from a Buy consensus rating.
Franklin Electric Co., Inc. engages in the development, manufacture, and distribution of water and fuel pumping systems. It operates through the following business segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment designs, manufactures, and sells water pumping systems, submersible motors, pumps, electronic controls, and related parts and equipment. The Fueling Systems segment is involved in the producing and marketing of fuel pumping, fuel containment, and monitor and control systems. The Distribution Segment provides pre-sale support and specifications to the installing contractors. The company was founded by Edward J. Schaefer and T. Wayne Kehoe in 1944 and is headquartered in Fort Wayne, IN.