Virtus Investment Partners (VRTS) Posts Quarterly Results
Virtus Investment Partners (NASDAQ:VRTS) announced its earnings results on Tuesday. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by $0.03, American Banking News reports.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Virtus Investment Partners to $185.00 in a research note on Tuesday, April 8th. They now have a “hold” rating on the stock. On a related note, analysts at Morgan Stanley cut their price target on shares of Virtus Investment Partners from $200.00 to $194.00 in a research note on Tuesday, April 8th. Finally, analysts at Bank of America initiated coverage on shares of Virtus Investment Partners in a research note on Friday, February 28th. They set a “neutral” rating and a $181.76 price target on the stock. Six equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $201.68.
Shares of Virtus Investment Partners (NASDAQ:VRTS) traded up 0.57% during mid-day trading on Tuesday, hitting $178.95. 48,017 shares of the company’s stock traded hands. Virtus Investment Partners has a 1-year low of $152.61 and a 1-year high of $248.89. The stock’s 50-day moving average is $177.4 and its 200-day moving average is $188.6. The company has a market cap of $1.629 billion and a price-to-earnings ratio of 19.95.
Virtus Investment Partners, Inc (NASDAQ:VRTS) is a provider of investment management products and services to individuals and institutions.
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