Eaton Vance Corp. Price Target Raised to $52.00 at RBC Capital (EV)
RBC Capital increased their price objective on shares of Eaton Vance Corp. (NYSE:EV) from $49.00 to $52.00 in a research note issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 27.26% from the company’s current price.
A number of other analysts have also recently weighed in on EV. Analysts at Citigroup Inc. downgraded shares of Eaton Vance Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Thursday, January 16th. They now have a $37.00 price target on the stock, down previously from $40.00. Analysts at William Blair initiated coverage on shares of Eaton Vance Corp. in a research note to investors on Wednesday, December 4th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.00.
Eaton Vance Corp. (NYSE:EV) opened at 40.86 on Wednesday. Eaton Vance Corp. has a 52-week low of $35.02 and a 52-week high of $44.58. The stock has a 50-day moving average of $41.69 and a 200-day moving average of $40.69. The company has a market cap of $4.810 billion and a price-to-earnings ratio of 26.73.
Eaton Vance Corp. (NYSE:EV) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.04. The company had revenue of $356.90 million for the quarter, compared to the consensus estimate of $364.24 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Eaton Vance Corp. will post $2.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 12th. Stockholders of record on Friday, January 31st will be given a dividend of 0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, January 29th.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions.
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