Invesco Downgraded by JPMorgan Chase to “Neutral” (IVZ) - InvestingChannel

Invesco Downgraded by JPMorgan Chase to “Neutral” (IVZ)

Invesco opened at 27.74 on Monday. Invesco has a 1-year low of $20.49 and a 1-year high of $27.83. The stock?s 50-day moving average is currently $25.83. The company has a market cap of $12.318 billion and a price-to-earnings ratio of 17.55.

Invesco last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.03. The company had revenue of $734.70 billion for the quarter, compared to the consensus estimate of $1.06 billion. The company?s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Invesco will post $1.74 EPS for the current fiscal year.

A number of other firms have also recently commented on IVZ. Analysts at Barclays Capital raised their price target on shares of Invesco from $27.00 to $32.00 in a research note to investors on Wednesday, January 9th. They now have an ?overweight? rating on the stock. Separately, analysts at Jefferies Group reiterated a ?buy? rating on shares of Invesco in a research note to investors on Wednesday, January 9th. They now have a $31.00 price target on the stock. Finally, analysts at Zacks reiterated a ?neutral? rating on shares of Invesco in a research note to investors on Friday, December 28th. They now have a $27.00 price target on the stock. Eighteen research analysts have rated the stock with a buy rating, one has given an overweight rating, and three have given a hold rating to the company?s stock. Invesco has a consensus rating of ?buy? and an average target price of $29.94.

Invesco Ltd. (Invesco) is an independent global investment management company. Invesco provides a range of investment strategies and vehicles to its retail, institutional and high-net-worth clients worldwide.