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.
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.
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