INVESCO Ltd. Hits New 52-Week High at $36.88 (IVZ)
Shares of INVESCO (NYSE:IVZ) hit a new 52-week high during trading hours on Tuesday, Stock Ratings News reports. The company traded as high as $36.88 and last traded at $36.64, with a volume of 1,416,283 shares trading hands. The stock had previously closed at $36.37.
IVZ has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of INVESCO in a research note to investors on Monday, December 16th. They now have a $36.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of INVESCO from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, November 14th. They now have a $38.00 price target on the stock, up previously from $35.00. Finally, analysts at Wells Fargo & Co. upgraded shares of INVESCO from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. INVESCO currently has an average rating of “Hold” and an average price target of $35.92.
INVESCO has a 1-year low of $25.46 and a 1-year high of $36.79. The stock has a 50-day moving average of $35.13 and a 200-day moving average of $32.94. The company has a market cap of $16.264 billion and a P/E ratio of 20.11.
INVESCO (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.42 earnings per share. Analysts expect that INVESCO will post $2.11 EPS 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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