Eaton Vance Corp Given New $39.00 Price Target at Keefe, Bruyette & Woods (EV)
Equities researchers at Keefe, Bruyette & Woods cut their target price on shares of Eaton Vance Corp (NYSE:EV) from $41.00 to $39.00 in a research report issued on Friday. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 8.82% from the company’s current price.
Eaton Vance Corp (NYSE:EV) opened at 35.84 on Friday. Eaton Vance Corp has a 52 week low of $34.86 and a 52 week high of $43.82. The stock’s 50-day moving average is $36.96 and its 200-day moving average is $37.20. The company has a market cap of $4.185 billion and a price-to-earnings ratio of 19.72.
Eaton Vance Corp (NYSE:EV) last posted its quarterly earnings results 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. Analysts expect that Eaton Vance Corp will post $2.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 12th. Investors 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 2.46%. The ex-dividend date is Tuesday, July 29th.
A number of other analysts have also recently weighed in on EV. 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 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.70.
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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