Eaton Vance Corp Given New $30.00 Price Target at Susquehanna (EV)
Analysts at Susquehanna decreased their price target on shares of Eaton Vance Corp (NYSE:EV) from $31.00 to $30.00 in a research report issued to clients and investors on Thursday. Susquehanna’s price target would indicate a potential downside of 14.87% from the company’s current price.
Eaton Vance Corp (NYSE:EV) traded up 0.31% during mid-day trading on Thursday, hitting $35.24. The stock had a trading volume of 1,404,621 shares. Eaton Vance Corp has a 1-year low of $34.86 and a 1-year high of $43.82. The stock has a 50-day moving average of $37.15 and a 200-day moving average of $37.37. The company has a market cap of $4.115 billion and a price-to-earnings ratio of 19.60.
Eaton Vance Corp (NYSE:EV) last released its earnings data on Wednesday, May 21st. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $354.10 million for the quarter, compared to the consensus estimate of $351.30 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Eaton Vance Corp will post $2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, August 12th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, July 29th.
A number of other analysts have also recently weighed in on EV. Analysts at Evercore Partners initiated coverage on shares of Eaton Vance Corp in a research note on Friday, May 30th. They set an “equal weight” rating and a $39.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Eaton Vance Corp in a research note on Friday, May 23rd. They now have a $41.00 price target on the stock, up previously from $38.00. Finally, analysts at Credit Suisse raised their price target on shares of Eaton Vance Corp from $43.00 to $44.00 in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.90.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions.
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