Invesco (IVZ) Stock Rating Upgraded by ValuEngine

Invesco (NYSE:IVZ) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

IVZ has been the topic of a number of other reports. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Citigroup increased their price objective on shares of Invesco from $38.50 to $39.50 and gave the company a “buy” rating in a research note on Tuesday, October 3rd. Barclays initiated coverage on shares of Invesco in a research note on Friday, September 8th. They issued an “overweight” rating and a $38.00 price objective on the stock. BidaskClub cut shares of Invesco from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group increased their price objective on shares of Invesco from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.50.

Invesco (IVZ) traded up $0.46 during midday trading on Wednesday, reaching $37.09. 2,394,200 shares of the company’s stock traded hands, compared to its average volume of 2,719,548. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco has a 12 month low of $28.75 and a 12 month high of $37.75. The firm has a market cap of $15,130.00, a PE ratio of 14.46, a PEG ratio of 1.16 and a beta of 1.80.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business had revenue of $976.60 million during the quarter, compared to the consensus estimate of $940.96 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. sell-side analysts predict that Invesco will post 2.66 earnings per share for the current year.

In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total value of $1,952,282.15. Following the transaction, the insider now directly owns 164,420 shares in the company, valued at approximately $5,920,764.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Sun Life Financial INC purchased a new position in shares of Invesco during the 3rd quarter worth about $145,000. Valeo Financial Advisors LLC purchased a new position in shares of Invesco during the 3rd quarter worth about $160,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Invesco during the 2nd quarter worth about $185,000. ETRADE Capital Management LLC purchased a new position in shares of Invesco during the 3rd quarter worth about $205,000. Finally, Financial Counselors Inc. purchased a new position in shares of Invesco during the 2nd quarter worth about $215,000. Institutional investors own 81.38% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Invesco (IVZ) Stock Rating Upgraded by ValuEngine” was originally published by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.thestockobserver.com/2017/12/06/invesco-ivz-stock-rating-upgraded-by-valuengine.html.

About Invesco

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.

Analyst Recommendations for Invesco (NYSE:IVZ)

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.

Leave a Reply