Invesco PLC (IVZ) – Research Analysts’ Weekly Ratings Changes

Invesco PLC (NYSE: IVZ) recently received a number of ratings updates from brokerages and research firms:

  • 10/12/2017 – Invesco PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Invesco’s shares have underperformed the industry so far this year. Yet, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With an aim to enhance its exchange-traded funds (ETF) operation, the company has inked a deal to acquire the ETF business of Guggenheim Partners LLC. Strong balance sheet position along with cost savings efforts, improving assets under management (AUM), diverse product offerings and alternative investment strategies should continue supporting growth. However, high-debt levels will likely hinder the company from procuring additional finance. Further, amortization of the company’s goodwill and intangible assets could have an adverse effect on its profitability.”
  • 10/11/2017 – Invesco PLC had its price target raised by analysts at Wells Fargo & Company from $38.00 to $40.00. They now have an “outperform” rating on the stock.
  • 10/11/2017 – Invesco PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Invesco’s shares have underperformed the industry so far this year. Yet, the company has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. With an aim to enhance its exchange-traded funds (ETF) operation, the company has inked a deal to acquire the ETF business of Guggenheim Partners LLC. Strong balance sheet position along with cost savings efforts, improving assets under management (AUM), diverse product offerings and alternative investment strategies should continue supporting growth. However, high-debt levels, and amortization of goodwill and intangible assets could have an adverse effect on the company’s profitability.”
  • 10/3/2017 – Invesco PLC had its price target raised by analysts at Citigroup Inc. from $38.50 to $39.50. They now have a “buy” rating on the stock.
  • 10/3/2017 – Invesco PLC had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $39.00 price target on the stock.
  • 10/2/2017 – Invesco PLC had its price target raised by analysts at UBS AG from $36.00 to $37.00. They now have a “neutral” rating on the stock.
  • 10/2/2017 – Invesco PLC was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/28/2017 – Invesco PLC was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $36.00 price target on the stock, down previously from $38.00.
  • 9/8/2017 – Invesco PLC is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $38.00 price target on the stock.
  • 9/1/2017 – Invesco PLC was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/19/2017 – Invesco PLC was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Invesco PLC (NYSE:IVZ) traded down 0.36% during midday trading on Tuesday, hitting $36.19. 1,979,425 shares of the company were exchanged. Invesco PLC has a one year low of $27.46 and a one year high of $36.84. The company has a 50-day moving average of $33.92 and a 200 day moving average of $33.52. The company has a market capitalization of $14.73 billion, a P/E ratio of 16.13 and a beta of 1.80.

Invesco PLC (NYSE:IVZ) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Invesco PLC had a net margin of 18.98% and a return on equity of 12.74%. The business had revenue of $906.30 million during the quarter, compared to analysts’ expectations of $891.19 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. Invesco PLC’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Invesco PLC will post $2.57 earnings per share for the current fiscal year.

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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