Invesco Hits New 52-Week High at $38.43 (IVZ)
Invesco (NYSE:IVZ)’s share price hit a new 52-week high on Tuesday , StockRatingsNetwork.com reports. The company traded as high as $38.43 and last traded at $38.39, with a volume of 821,667 shares changing hands. The stock had previously closed at $37.75.
IVZ has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Invesco in a research note on Tuesday. They now have a $43.00 price target on the stock, up previously from $42.00. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Invesco has a consensus rating of “Buy” and a consensus target price of $40.58.
The stock has a 50-day moving average of $36.74 and a 200-day moving average of $35.44. The company has a market cap of $16.593 billion and a P/E ratio of 18.67.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, May 1st. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Invesco will post $2.45 earnings per share for the current fiscal year.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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