Virtus Investment Partners’s Equal Weight Rating Reaffirmed at Morgan Stanley (VRTS)
Virtus Investment Partners (NASDAQ:VRTS)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Morgan Stanley in a report issued on Tuesday. They currently have a $234.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 10.93% from the stock’s previous close.
Virtus Investment Partners (NASDAQ:VRTS) traded up 0.81% during mid-day trading on Tuesday, hitting $210.285. The stock had a trading volume of 74,139 shares. Virtus Investment Partners has a one year low of $152.61 and a one year high of $223.93. The stock’s 50-day moving average is $208.9 and its 200-day moving average is $189.5. The company has a market cap of $1.927 billion and a price-to-earnings ratio of 21.96.
Virtus Investment Partners (NASDAQ:VRTS) last posted its quarterly earnings results on Monday, July 28th. The company reported $2.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.57 by $0.47. The company had revenue of $112.70 million for the quarter, compared to the consensus estimate of $113.53 million. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Virtus Investment Partners will post $10.78 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Virtus Investment Partners in a research note on Wednesday, July 9th. They now have a $212.00 price target on the stock, up previously from $185.00. Separately, analysts at Raymond James raised their price target on shares of Virtus Investment Partners from $220.00 to $245.00 in a research note on Thursday, July 3rd. Finally, analysts at Raymond James upgraded shares of Virtus Investment Partners from a “market perform” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $220.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $217.83.
Virtus Investment Partners, Inc (NASDAQ:VRTS) is a provider of investment management products and services to individuals and institutions.
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