Eaton Vance (NYSE:EV) was downgraded by stock analysts at JPMorgan Chase & Co. from an “chubby” score to a “impartial” score in a analysis report issued to purchasers and buyers on Monday, Analyst Scores Community stories.
Numerous different analysts have additionally lately weighed in on EV. Deutsche Bank Aktiengesellschaft raised their price goal on Eaton Vance from $61.00 to $65.00 and gave the corporate a “maintain” score in a analysis notice on Wednesday, November 11th. Credit score Suisse Group lifted their goal price on Eaton Vance from $39.00 to $41.00 and gave the stock a “impartial” score in a analysis report on Thursday, August 27th. TheStreet minimize Eaton Vance from a “b-” score to a “c+” score in a analysis report on Monday, September 21st. Bank of America lifted their goal price on Eaton Vance from $45.00 to $47.00 and gave the stock a “purchase” score in a analysis report on Thursday, August 27th. Lastly, Citigroup lifted their goal price on Eaton Vance from $42.00 to $43.00 and gave the stock a “impartial” score in a analysis report on Thursday, August 27th. One funding analyst has rated the stock with a promote score, six have issued a maintain score and two have assigned a purchase score to the corporate’s stock. Eaton Vance presently has a consensus score of “Maintain” and a median goal price of $47.25.
Eaton Vance stock traded up $1.38 throughout noon buying and selling on Monday, reaching $67.04. The corporate’s stock had a buying and selling quantity of 107,528 shares, in comparison with its common quantity of 1,027,698. Eaton Vance has a fifty-two week low of $23.59 and a fifty-two week excessive of $67.01. The corporate has a market cap of $7.50 billion, a P/E ratio of 26.71, a P/E/G ratio of three.13 and a beta of 1.26. The enterprise has a 50-day easy transferring common of $59.02 and a 200-day easy transferring common of $43.28.
Eaton Vance (NYSE:EV) final posted its quarterly earnings outcomes on Wednesday, August 26th. The asset supervisor reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.04. Eaton Vance had a return on fairness of 31.17% and a web margin of 16.56%. The corporate had income of $420.80 million for the quarter, in comparison with analysts’ expectations of $411.05 million. Throughout the identical interval final yr, the agency earned $0.90 earnings per share. Eaton Vance’s quarterly income was down 2.4% on a year-over-year foundation. As a gaggle, equities analysis analysts forecast that Eaton Vance will publish 3.34 earnings per share for the present yr.
A number of hedge funds and different institutional buyers have lately added to or decreased their stakes within the stock. Ovata Capital Administration Ltd bought a brand new stake in Eaton Vance within the 2nd quarter valued at roughly $57,000. Artistic Monetary Designs Inc. ADV bought a brand new stake in Eaton Vance within the 2nd quarter valued at roughly $27,000. Advisors Asset Administration Inc. bought a brand new stake in Eaton Vance within the 2nd quarter valued at roughly $47,000. Harbor Funding Advisory LLC boosted its holdings in Eaton Vance by 149.5% within the third quarter. Harbor Funding Advisory LLC now owns 1,250 shares of the asset supervisor’s stock valued at $48,000 after buying a further 749 shares within the final quarter. Lastly, Nachman Norwood & Parrott Inc bought a brand new stake in Eaton Vance within the third quarter valued at roughly $50,000. 68.35% of the stock is at the moment owned by hedge funds and different institutional buyers.
Eaton Vance Firm Profile
Eaton Vance Corp., by its subsidiaries, engages within the creation, advertising, and administration of funding funds in the US. It additionally offers funding administration and counseling companies to establishments and people. Additional, the corporate operates as an adviser and distributor of funding corporations and separate accounts.
Really useful Story: Price of Fairness For A Enterprise, Buyers
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