Invesco Given Overweight Rating at JPMorgan Chase & Co. (IVZ)
Invesco (NYSE:IVZ)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a $43.00 price objective on the stock, up from their previous price objective of $42.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 13.91% from the company’s current price.
Shares of Invesco (NYSE:IVZ) traded up 2.01% during mid-day trading on Tuesday, hitting $38.51. 1,006,250 shares of the company’s stock traded hands. Invesco has a 1-year low of $30.09 and a 1-year high of $38.41. The stock’s 50-day moving average is $36.74 and its 200-day moving average is $35.44. The company has a market cap of $16.662 billion and a price-to-earnings ratio of 18.67.
Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.05. The company had revenue of $887.80 million for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.52 earnings per share. Analysts expect that Invesco will post $2.45 EPS for the current fiscal year.
A number of other firms have also recently commented on IVZ. Analysts at Jefferies Group reiterated a “buy” rating on shares of Invesco in a research note on Tuesday. They now have a $44.00 price target on the stock, up previously from $40.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Invesco in a research note on Thursday, June 12th. They now have a $40.00 price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Invesco from $40.00 to $39.00 in a research note on Monday, June 9th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.58.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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