Eaton Vance Corp Sets New 1-Year Low at $35.40 (EV)
Eaton Vance Corp (NYSE:EV) shares hit a new 52-week low during mid-day trading on Tuesday , StockRatingsNetwork reports. The company traded as low as $35.40 and last traded at $35.50, with a volume of 469,138 shares changing hands. The stock had previously closed at $35.98.
A number of analysts have recently weighed in on EV shares. Analysts at Citigroup Inc. upgraded shares of Eaton Vance Corp from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Citic Securities Co., Ltd upgraded shares of Eaton Vance Corp from a “sell” rating to a “neutral” rating in a research note on Monday. They now have a $35.00 price target on the stock, down previously from $35.50. Finally, analysts at Credit Suisse raised their price target on shares of Eaton Vance Corp from $42.00 to $43.00 in a research note on Wednesday, March 26th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $39.43.
The stock has a 50-day moving average of $37.64 and a 200-day moving average of $39.72. The company has a market cap of $4.268 billion and a price-to-earnings ratio of 21.03.
Eaton Vance Corp (NYSE:EV) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ 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 $2.35 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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