Keefe, Bruyette & Woods Increases INVESCO Price Target to $42.00 (IVZ)
Stock analysts at Keefe, Bruyette & Woods raised their price target on shares of INVESCO (NYSE:IVZ) from $39.00 to $42.00 in a report issued on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 16.54% from the company’s current price.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.38.
Shares of INVESCO (NYSE:IVZ) opened at 36.04 on Friday. INVESCO has a one year low of $25.46 and a one year high of $36.88. The stock’s 50-day moving average is $35.3 and its 200-day moving average is $33.02. The company has a market cap of $15.976 billion and a P/E ratio of 20.19.
INVESCO (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that INVESCO will post $2.11 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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