News articles about Invesco (NYSE:IVZ) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Invesco earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 47.7696441572534 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
Several research analysts have weighed in on IVZ shares. Royal Bank of Canada set a $47.00 price target on Invesco and gave the stock a “buy” rating in a research report on Saturday, December 16th. ValuEngine upgraded Invesco from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research downgraded Invesco from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Jefferies Group lifted their target price on Invesco from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Wells Fargo & Co boosted their price target on Invesco from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.79.
Invesco (NYSE IVZ) opened at $37.86 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.75. Invesco has a fifty-two week low of $28.75 and a fifty-two week high of $37.88. The company has a market capitalization of $15,411.97, a price-to-earnings ratio of 14.85, a PEG ratio of 1.03 and a beta of 1.81.
Invesco (NYSE:IVZ) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. Invesco had a return on equity of 13.02% and a net margin of 18.99%. The company had revenue of $976.60 million during the quarter, compared to analysts’ expectations of $940.96 million. During the same quarter in the previous year, the firm earned $0.60 EPS. Invesco’s revenue was up 14.3% on a year-over-year basis. research analysts expect that Invesco will post 2.67 earnings per share for the current fiscal year.
In other Invesco news, insider Colin Meadows sold 54,215 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $36.01, for a total value of $1,952,282.15. Following the completion of the transaction, the insider now owns 164,420 shares of the company’s stock, valued at approximately $5,920,764.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
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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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