Invesco (IVZ) Earns Equal Weight Rating from Morgan Stanley

Invesco (NYSE:IVZ)‘s stock had its “equal weight” rating restated by Morgan Stanley in a report issued on Wednesday, MarketBeat.com reports. They presently have a $40.00 price target on the asset manager’s stock, up from their prior price target of $39.00. Morgan Stanley’s price target would indicate a potential upside of 21.58% from the stock’s previous close.

A number of other research firms also recently commented on IVZ. Royal Bank of Canada restated a “buy” rating and set a $41.00 price target on shares of Invesco in a research report on Friday, October 27th. Credit Suisse Group raised shares of Invesco from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $42.00 to $43.00 in a research note on Wednesday, January 31st. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Wells Fargo & Co lifted their price objective on shares of Invesco from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.50.

Invesco (NYSE:IVZ) traded down $0.56 during trading on Wednesday, hitting $32.90. 833,564 shares of the stock were exchanged, compared to its average volume of 3,389,941. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.50 and a current ratio of 1.50. Invesco has a one year low of $29.36 and a one year high of $38.43. The company has a market cap of $13,681.89, a P/E ratio of 12.21, a P/E/G ratio of 0.90 and a beta of 1.74.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. Invesco had a net margin of 21.85% and a return on equity of 13.51%. Invesco’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. equities analysts expect that Invesco will post 3.08 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC bought a new position in shares of Invesco in the third quarter worth $145,000. Valeo Financial Advisors LLC bought a new position in Invesco in the third quarter valued at about $160,000. ETRADE Capital Management LLC bought a new position in Invesco in the third quarter valued at about $205,000. Miles Capital Inc. bought a new position in Invesco in the fourth quarter valued at about $205,000. Finally, Linscomb & Williams Inc. bought a new position in Invesco in the fourth quarter valued at about $211,000. Institutional investors own 81.07% of the company’s stock.

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Invesco 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.

Analyst Recommendations for Invesco (NYSE:IVZ)

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