Invesco Given Consensus Recommendation of “Buy” by Analysts (NYSE:IVZ)
Shares of Invesco (NYSE:IVZ) have been given a consensus recommendation of “Buy” by the sixteen analysts that are presently covering the company, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.15.
Invesco (NYSE:IVZ) traded up 0.17% during mid-day trading on Wednesday, hitting $41.03. The stock had a trading volume of 178,568 shares. Invesco has a 52 week low of $30.09 and a 52 week high of $41.20. The stock’s 50-day moving average is $38.93 and its 200-day moving average is $36.72. The company has a market cap of $17.711 billion and a P/E ratio of 18.60.
Invesco (NYSE:IVZ) last announced its earnings results 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. On average, analysts predict that Invesco will post $2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders 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 2.44%. The ex-dividend date is Tuesday, August 19th.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Invesco from $38.00 to $40.00 in a research note on Friday, August 15th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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