Raymond James Increases Virtus Investment Partners Price Target to $245.00 (VRTS)
Analysts at Raymond James upped their target price on shares of Virtus Investment Partners (NASDAQ:VRTS) from $220.00 to $245.00 in a research report issued to clients and investors on Thursday. Raymond James’ price target would indicate a potential upside of 13.95% from the stock’s previous close.
Virtus Investment Partners (NASDAQ:VRTS) traded up 1.75% during mid-day trading on Thursday, hitting $215.00. The stock had a trading volume of 35,676 shares. Virtus Investment Partners has a 52 week low of $152.61 and a 52 week high of $215.72. The stock’s 50-day moving average is $197.6 and its 200-day moving average is $188.7. The company has a market cap of $1.970 billion and a P/E ratio of 22.24.
Virtus Investment Partners (NASDAQ:VRTS) last released its earnings data on Tuesday, April 29th. The company reported $2.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by $0.03. On average, analysts predict that Virtus Investment Partners will post $10.50 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley raised their price target on shares of Virtus Investment Partners to $213.00 in a research note on Monday, June 9th. They now have an “equal weight” rating on the stock. Separately, 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. Six research analysts have rated the stock with a hold rating, Virtus Investment Partners currently has an average rating of “Hold” and a consensus price target of $207.25.
Virtus Investment Partners, Inc (NASDAQ:VRTS) is a provider of investment management products and services to individuals and institutions.
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