Eaton Vance Corp Coverage Initiated by Analysts at Evercore Partners (EV)
Equities researchers at Evercore Partners initiated coverage on shares of Eaton Vance Corp (NYSE:EV) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “equal weight” rating on the stock.
Shares of Eaton Vance Corp (NYSE:EV) opened at 37.25 on Friday. Eaton Vance Corp has a 52 week low of $35.00 and a 52 week high of $43.82. The stock has a 50-day moving average of $36.47 and a 200-day moving average of $38.9. The company has a market cap of $4.399 billion and a P/E ratio of 20.84.
Eaton Vance Corp (NYSE:EV) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.03. The company had revenue of $354.10 million for the quarter, compared to the consensus estimate of $351.30 million. During the same quarter last year, the company posted $0.52 earnings per share. Eaton Vance Corp’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Eaton Vance Corp will post $2.42 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Eaton Vance Corp in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock, up previously from $38.00. Separately, analysts at Credit Suisse raised their price target on shares of Eaton Vance Corp from $43.00 to $44.00 in a research note on Thursday, May 22nd. Finally, analysts at Citigroup Inc. raised their price target on shares of Eaton Vance Corp from $35.00 to $37.00 in a research note on Thursday, May 22nd. They now have a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $40.00.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.