Invesco Price Target Raised to $44.00 at JPMorgan Chase & Co. (IVZ)
Equities research analysts at JPMorgan Chase & Co. raised their target price on shares of Invesco (NYSE:IVZ) from $43.00 to $44.00 in a research note issued to investors on Friday. JPMorgan Chase & Co.’s price objective points to a potential upside of 16.34% from the company’s current price.
Shares of Invesco (NYSE:IVZ) traded up 0.50% during mid-day trading on Friday, hitting $37.82. The stock had a trading volume of 4,643,634 shares. Invesco has a 52 week low of $30.09 and a 52 week high of $38.86. The stock’s 50-day moving average is $37.9 and its 200-day moving average is $35.85. The company has a market cap of $16.364 billion and a P/E ratio of 18.61.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, July 31st. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.06. The company had revenue of $981.00 million for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.50 earnings per share. On average, analysts predict that Invesco will post $2.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, August 19th.
A number of other analysts have also recently weighed in on IVZ. Analysts at Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $43.00 price target on the stock, up previously from $39.00. Separately, analysts at BMO Capital Markets raised their price target on shares of Invesco from $38.00 to $40.00 in a research note on Tuesday, July 15th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Invesco from $43.00 to $45.00 in a research note on Monday, July 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.64.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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