Argus Increases Invesco Price Target to $45.00 (IVZ)
Analysts at Argus hoisted their price target on shares of Invesco (NYSE:IVZ) from $42.00 to $45.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock. Argus’ price target would suggest a potential upside of 19.02% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Invesco from $45.00 to $46.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Invesco from $43.00 to $44.00 in a research note on Friday, August 1st. Finally, analysts at Deutsche Bank upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. They now have a $43.00 price target on the stock, up previously from $39.00. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.00.
Shares of Invesco (NYSE:IVZ) opened at 37.81 on Friday. 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 $37.98 and its 200-day moving average is $35.92. The company has a market cap of $16.321 billion and a price-to-earnings ratio of 17.28.
Invesco (NYSE:IVZ) last released its earnings data on Thursday, July 31st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.50 earnings per share. Analysts expect that Invesco will post $2.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors 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.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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