INVESCO Downgraded to Neutral at Sterne Agee (IVZ)
INVESCO (NYSE:IVZ) was downgraded by research analysts at Sterne Agee from a “buy” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of INVESCO in a research note to investors on Friday, October 11th. They now have a $41.00 price target on the stock, up previously from $40.00. Separately, analysts at Susquehanna reiterated a “neutral” rating on shares of INVESCO in a research note to investors on Wednesday, October 9th. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at ISI Group initiated coverage on shares of INVESCO in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $34.23.
INVESCO (NYSE:IVZ) opened at 32.42 on Wednesday. INVESCO has a 52-week low of $22.94 and a 52-week high of $35.02. The stock’s 50-day moving average is $31.8 and its 200-day moving average is $32.01. The company has a market cap of $14.356 billion and a P/E ratio of 19.33.
INVESCO (NYSE:IVZ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.50 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.41 earnings per share. INVESCO’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that INVESCO will post $2.08 earnings per share for the current fiscal year.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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