Eaton Vance Corp Given Consensus Recommendation of “Hold” by Analysts (NYSE:EV)
Shares of Eaton Vance Corp (NYSE:EV) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the company, Analyst Ratings Net reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $38.90.
EV has been the subject of a number of recent research reports. Analysts at Susquehanna cut their price target on shares of Eaton Vance Corp from $31.00 to $30.00 in a research note on Thursday, July 31st. Separately, 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. Finally, 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.
Eaton Vance Corp (NYSE:EV) opened at 35.28 on Friday. Eaton Vance Corp has a 1-year low of $34.86 and a 1-year high of $43.82. The stock’s 50-day moving average is $37. and its 200-day moving average is $37.28. The company has a market cap of $4.120 billion and a P/E ratio of 19.67.
Eaton Vance Corp (NYSE:EV) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.52 earnings per share. Eaton Vance Corp’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Eaton Vance Corp will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, July 29th.
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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