William Blair cut shares of INVESCO (NYSE:IVZ) from an outperform rating to a market perform rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports.
Shares of INVESCO (NYSE:IVZ) traded down 0.58% on Thursday, hitting $32.58. 2,176,756 shares of the company’s stock traded hands. INVESCO has a 52-week low of $22.94 and a 52-week high of $35.02. The stock has a 50-day moving average of $31.99 and a 200-day moving average of $32.04. The company has a market cap of $14.427 billion and a price-to-earnings ratio of 19.54.
INVESCO (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that INVESCO will post $2.08 EPS for the current fiscal year.
A number of other firms have also recently commented on IVZ. Analysts at JPMorgan Chase & Co. downgraded shares of INVESCO from an overweight rating to a neutral rating in a research note to investors on Wednesday, October 16th. They now have a $36.00 price target on the stock, down previously from $41.00. Separately, analysts at Sterne Agee downgraded shares of INVESCO from a buy rating to a neutral rating in a research note to investors on Wednesday, October 16th. They now have a $33.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a buy rating on shares of INVESCO in a research note to investors on Friday, October 11th. They now have a $41.00 price target on the stock, up previously from $40.00. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $34.27.
Invesco Ltd. (NYSE:IVZ) is an investment manager, dedicated to helping investors worldwide achieve their financial objectives.
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