Weekly Analysts’ Ratings Changes for Invesco (IVZ)

Several brokerages have updated their recommendations and price targets on shares of Invesco (NYSE: IVZ) in the last few weeks:

  • 2/9/2018 – Invesco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Shares of Invesco have significantly underperformed the industry over the last three months. Yet, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company’s fourth-quarter 2017 results benefited from rise in revenues and long-term inflows. A strong balance sheet position, improving assets under management (AUM) and diverse product offerings are likely to continue supporting growth. With an aim to enhance its exchange-traded funds (ETF) operation, the company inked a deal to acquire the ETF business of Guggenheim Partners LLC. However, operating expenses are expected to rise in the quarter ahead, mainly due to inorganic growth strategy. Further, the company’s high-debt levels might adversely affect its profitability in the long run.”
  • 2/7/2018 – Invesco had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $40.00 price target on the stock, up previously from $39.00.
  • 2/1/2018 – Invesco had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG.
  • 1/31/2018 – Invesco was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating. They now have a $43.00 price target on the stock, up previously from $42.00.
  • 1/19/2018 – Invesco was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating.
  • 1/8/2018 – Invesco was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Invesco have significantly underperformed the industry over the last six months. Yet, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the trailing four quarters. With an aim to enhance its exchange-traded funds (ETF) operation, the company inked a deal to acquire the ETF business of Guggenheim Partners LLC. Also, strong balance sheet position along with cost savings efforts, improving assets under management (AUM) and diverse product offerings are likely to continue supporting growth. However, high-debt levels of the company might adversely affect its profitability in the long run. Further, amortization of goodwill and intangible assets remains a near-term concern for Invesco.”
  • 1/8/2018 – Invesco was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $42.00 price target on the stock.
  • 1/8/2018 – Invesco was given a new $45.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 1/3/2018 – Invesco was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $41.00 price target on the stock. According to Zacks, “Shares of Invesco have significantly underperformed the industry over the last six months. Yet, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all the trailing four quarters. With an aim to enhance its exchange-traded funds (ETF) operation, the company inked a deal to acquire the ETF business of Guggenheim Partners LLC. Also, strong balance sheet position along with cost savings efforts, improving assets under management (AUM) and diverse product offerings are likely to continue supporting growth. However, high-debt levels and amortization of goodwill and intangible assets might adversely affect its profitability in the long run.”
  • 1/3/2018 – Invesco was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $39.00 price target on the stock, down previously from $40.00.
  • 12/16/2017 – Invesco was given a new $47.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.

Shares of Invesco Ltd. (NYSE:IVZ) opened at $32.44 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco Ltd. has a 12-month low of $29.36 and a 12-month high of $38.43. The company has a market capitalization of $13,205.61, a price-to-earnings ratio of 11.84, a P/E/G ratio of 0.87 and a beta of 1.74.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Invesco had a return on equity of 13.51% and a net margin of 21.85%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $982.86 million. During the same period last year, the firm posted $0.59 earnings per share. Invesco’s revenue was up 16.3% compared to the same quarter last year. research analysts predict that Invesco Ltd. will post 3.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 15th will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.58%. Invesco’s dividend payout ratio (DPR) is presently 42.34%.

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.

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