RBC Capital Lowers Eaton Vance Corp Price Target to $48.00 (EV)
Analysts at RBC Capital cut their price objective on shares of Eaton Vance Corp (NYSE:EV) from $52.00 to $48.00 in a research report issued to clients and investors on Thursday, Analyst RN reports. RBC Capital’s price target would indicate a potential upside of 28.55% from the company’s current price.
Eaton Vance Corp (NYSE:EV) traded down 1.79% during mid-day trading on Thursday, hitting $36.67. The stock had a trading volume of 63,798 shares. Eaton Vance Corp has a 1-year low of $35.59 and a 1-year high of $44.58. The stock has a 50-day moving average of $39.21 and a 200-day moving average of $40.32. The company has a market cap of $4.317 billion and a P/E ratio of 24.41.
Eaton Vance Corp (NYSE:EV) last announced its earnings results on Wednesday, February 19th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.02. The company had revenue of $360.26 million for the quarter, compared to the consensus estimate of $367.92 million. On average, analysts predict that Eaton Vance Corp will post $2.41 earnings per share for the current fiscal year.
EV has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Eaton Vance Corp from $43.00 to $38.00 in a research note on Tuesday. Separately, analysts at Jefferies Group cut their price target on shares of Eaton Vance Corp from $42.00 to $39.00 in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, 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. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $39.44.
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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