Eaton Vance (NYSE: EV) received a number of price target changes and ratings updates during the last week:
- Eaton Vance ‘s EPS estimates were raised by analysts at Bank of America. They now have a “neutral” rating and a $42.00 price target on the stock.
- Eaton Vance had its price target raised by analysts at JPMorgan Chase to $37.00. They now have a “neutral” rating on the stock. They wrote, “EV reported F1Q adj. EPS of $0.50, missing our estimate of $0.53 on higher expenses and share count. Eaton Vance reported solid sales during the quarter, but the lack of operating leverage was disappointing and led to a negative market reaction following the results. Overall, Eaton Vance is benefiting from its recent deals and liftouts, which we believe is driving sales and could drive earnings, but only if it can manage expenses better than it did last quarter. We expect better sales going forward at the cost of a lower blended fee rate. We also model higher expenses and sharecount then previously expected.”
- Eaton Vance had its price target raised by analysts at Barclays Capital from $34.00 to $35.00. They now have an “equal weight” rating on the stock.
- Eaton Vance had its price target raised by analysts at RBC Capital from $36.00 to $40.00. They now have an “outperform” rating on the stock.
- Eaton Vance had its price target raised by analysts at Credit Suisse from $31.00 to $34.00. They now have an “underperform” rating on the stock.
Shares of Eaton Vance opened at 37.65 on Wednesday. Eaton Vance has a 52 week low of $22.97 and a 52 week high of $41.20. The stock’s 50-day moving average is currently $36.44. The company has a market cap of $4.327 billion and a P/E ratio of 22.17.
Eaton Vance Corp. is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions.
