Bank of America Securities Sticks to Their Hold Rating for Patria Investments (PAX)

In a report released today, Craig Siegenthaler from Bank of America Securities maintained a Hold rating on Patria Investments, with a price target of $15.00. The company’s shares closed yesterday at $14.21.

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Siegenthaler covers the Financial sector, focusing on stocks such as Affiliated Managers, Janus Henderson Group, and Blue Owl Capital. According to TipRanks, Siegenthaler has an average return of 20.4% and a 66.12% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Patria Investments with a $15.50 average price target.

Based on Patria Investments’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $82.5 million and a net profit of $12.9 million. In comparison, last year the company earned a revenue of $75 million and had a net profit of $800 thousand