Invesco PT Raised to $38.00 (IVZ)
Investment analysts at Susquehanna raised their target price on shares of Invesco (NYSE:IVZ) from $36.00 to $38.00 in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target would suggest a potential upside of 0.69% from the company’s current price.
Invesco (NYSE:IVZ) traded down 1.62% during mid-day trading on Thursday, hitting $37.74. The stock had a trading volume of 2,557,170 shares. Invesco has a one year low of $30.09 and a one year high of $38.84. The stock has a 50-day moving average of $37.39 and a 200-day moving average of $35.61. The company has a market cap of $16.329 billion and a P/E ratio of 18.97.
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. On average, analysts predict that Invesco will post $2.46 earnings per share for the current fiscal year.
A number of other firms have also recently commented on IVZ. Analysts at Credit Suisse reiterated an “outperform” 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 $42.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Invesco from $42.00 to $43.00 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Invesco in a research note on Tuesday, July 1st. They now have a $44.00 price target on the stock, up previously from $40.00. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.15.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.