Eaton Vance Corp Given “Neutral” Rating at Citigroup Inc. (EV)
Eaton Vance Corp (NYSE:EV)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup Inc. in a research report issued on Thursday. They currently have a $36.00 price target on the stock, down from their previous price target of $37.00. Citigroup Inc.’s price objective indicates a potential downside of 0.61% from the stock’s previous close.
Shares of Eaton Vance Corp (NYSE:EV) traded down 0.39% during mid-day trading on Thursday, hitting $36.08. 33,903 shares of the company’s stock traded hands. Eaton Vance Corp has a 52 week low of $34.86 and a 52 week high of $43.82. The stock has a 50-day moving average of $36.78 and a 200-day moving average of $37.09. The company has a market cap of $4.213 billion and a price-to-earnings ratio of 20.21.
Eaton Vance Corp (NYSE:EV) last announced its earnings results on Wednesday, May 21st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Eaton Vance Corp will post $2.43 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Eaton Vance Corp from $41.00 to $39.00 in a research note on Friday, August 8th. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $38.60.
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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