INVESCO Receives New Coverage from Analysts at ISI Group (IVZ)
Analysts at ISI Group began coverage on shares of INVESCO (NYSE:IVZ) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on IVZ. Analysts at Zacks reiterated a “neutral” rating on shares of INVESCO in a research note to investors on Thursday, September 12th. They now have a $32.50 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of INVESCO to $40.00 in a research note to investors on Tuesday, August 13th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of INVESCO in a research note to investors on Thursday, August 1st. They now have a $40.00 price target on the stock, up previously from $39.00. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.96.
Shares of INVESCO (NYSE:IVZ) opened at 31.92 on Tuesday. INVESCO has a 52 week low of $22.94 and a 52 week high of $35.02. The stock has a 50-day moving average of $31.5 and a 200-day moving average of $31.83. The company has a market cap of $14.135 billion and a P/E ratio of 19.03.
INVESCO (NYSE:IVZ) last released its earnings data on Wednesday, July 31st. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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