Invesco Price Target Increased to $40.00 by Analysts at Susquehanna (IVZ)
Susquehanna lifted their price target on shares of Invesco (NYSE:IVZ) from $38.00 to $40.00 in a research note issued on Friday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential upside of 1.88% from the company’s current price.
Invesco (NYSE:IVZ) opened at 39.26 on Friday. Invesco has a one year low of $30.09 and a one year high of $39.29. The stock’s 50-day moving average is $38.1 and its 200-day moving average is $36.05. The company has a market cap of $16.947 billion and a price-to-earnings ratio of 17.83.
Invesco (NYSE:IVZ) last released its earnings data on Thursday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.50 earnings per share. Analysts expect that Invesco will post $2.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 19th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of Invesco from $42.00 to $45.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Invesco currently has a consensus rating of “Buy” and a consensus target price of $42.15.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.