Eaton Vance Corp. Price Target Cut to $39.00 (EV)
Equities researchers at Jefferies Group dropped their price objective on shares of Eaton Vance Corp. (NYSE:EV) from $42.00 to $39.00 in a research report issued on Tuesday, AR Network reports. Jefferies Group’s target price would indicate a potential upside of 5.75% from the company’s current price.
EV has been the subject of a number of other recent research reports. Analysts at Goldman Sachs downgraded shares of Eaton Vance Corp. from a “neutral” rating to a “sell” rating in a research note on Monday, February 3rd. They now have a $33.00 price target on the stock, down previously from $45.00. Separately, analysts at RBC Capital raised their price target on shares of Eaton Vance Corp. from $49.00 to $52.00 in a research note on Wednesday, January 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Eaton Vance Corp. from a “neutral” rating to a “sell” rating in a research note on Thursday, January 16th. They now have a $37.00 price target on the stock, down previously from $40.00. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.89.
Eaton Vance Corp. (NYSE:EV) opened at 36.88 on Tuesday. Eaton Vance Corp. has a 52-week low of $35.59 and a 52-week high of $44.58. The stock’s 50-day moving average is $39.56 and its 200-day moving average is $40.38. The company has a market cap of $4.342 billion and a P/E ratio of 24.35.
Eaton Vance Corp. (NYSE:EV) last announced its earnings results 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. On average, analysts predict that Eaton Vance Corp. will post $2.44 earnings per share for the current fiscal year.
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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