Invesco PLC (IVZ) Given a $41.00 Price Target by Jefferies Group LLC Analysts
Invesco PLC (NYSE:IVZ) has been assigned a $41.00 target price by investment analysts at Jefferies Group LLC in a note issued to investors on Thursday. The firm currently has a “buy” rating on the asset manager’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 25.11% from the stock’s previous close.
IVZ has been the topic of a number of other research reports. Royal Bank Of Canada began coverage on Invesco PLC in a research note on Thursday, June 29th. They issued an “outperform” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $36.00 price target on shares of Invesco PLC in a research note on Sunday, July 2nd. ValuEngine raised Invesco PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research cut Invesco PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. raised Invesco PLC from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $37.50 in a research note on Monday, June 5th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.29.
Invesco PLC (IVZ) traded up 0.15% on Thursday, reaching $32.82. 673,977 shares of the company’s stock were exchanged. Invesco PLC has a 1-year low of $27.46 and a 1-year high of $36.84. The firm’s 50 day moving average is $35.16 and its 200 day moving average is $32.84. The stock has a market capitalization of $13.35 billion, a P/E ratio of 14.63 and a beta of 1.80.
Invesco PLC (NYSE:IVZ) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $906.30 million for the quarter, compared to analysts’ expectations of $891.19 million. Invesco PLC had a return on equity of 12.74% and a net margin of 18.98%. Invesco PLC’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Analysts expect that Invesco PLC will post $2.54 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/18/invesco-plc-ivz-given-a-41-00-price-target-by-jefferies-group-llc-analysts.html.
Large investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. raised its stake in shares of Invesco PLC by 0.9% in the second quarter. Duncker Streett & Co. Inc. now owns 6,120 shares of the asset manager’s stock valued at $215,000 after buying an additional 53 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of Invesco PLC by 0.8% in the second quarter. Flinton Capital Management LLC now owns 10,368 shares of the asset manager’s stock valued at $365,000 after buying an additional 80 shares in the last quarter. IFC Holdings Incorporated FL raised its stake in shares of Invesco PLC by 0.7% in the second quarter. IFC Holdings Incorporated FL now owns 12,161 shares of the asset manager’s stock valued at $428,000 after buying an additional 90 shares in the last quarter. Huntington National Bank raised its stake in shares of Invesco PLC by 0.7% in the second quarter. Huntington National Bank now owns 14,321 shares of the asset manager’s stock valued at $504,000 after buying an additional 103 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Invesco PLC by 1.3% in the second quarter. Riverhead Capital Management LLC now owns 11,593 shares of the asset manager’s stock valued at $408,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 79.20% of the company’s stock.
Invesco PLC Company Profile
Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.
Receive News & Ratings for Invesco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco PLC and related companies with MarketBeat.com's FREE daily email newsletter.