Envestnet PT Raised to $37.00 at Sandler O’Neill (ENV)
Sandler O’Neill lifted their target price on shares of Envestnet (NYSE:ENV) from $27.00 to $37.00 in a research note issued on Monday, StockRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s target price suggests a potential downside of 0.35% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at William Blair initiated coverage on shares of Envestnet in a research note to investors on Monday, October 21st. They set an “outperform” rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Envestnet in a research note to investors on Monday, October 21st. They set a “buy” rating and a $43.00 price target on the stock. Finally, analysts at RBC Capital downgraded shares of Envestnet from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, September 24th. They now have a $34.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.14.
Shares of Envestnet (NYSE:ENV) traded down 2.83% on Monday, hitting $37.13. 178,454 shares of the company’s stock traded hands. Envestnet has a one year low of $11.16 and a one year high of $31.57. The stock’s 50-day moving average is $27.30 and its 200-day moving average is $22.15. The company has a market cap of $1.240 billion and a price-to-earnings ratio of 658.79.
Envestnet (NYSE:ENV) last released its earnings data on Thursday, August 8th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.13. The company had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.21 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, analysts predict that Envestnet will post $0.54 earnings per share for the current fiscal year.
Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.
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