Invesco (IVZ) Getting Somewhat Positive News Coverage, Report Shows
Media coverage about Invesco (NYSE:IVZ) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Invesco earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 46.2727258643643 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Citigroup Downgrades Invesco (IVZ) to Neutral (americanbankingnews.com)
- Which Alternative ETF Strategy Is Right For You? (SPLV) (finance.yahoo.com)
- Invesco Ltd.: Invesco Ltd. To Announce Fourth Quarter and Full Year 2017 Results (twst.com)
- Invesco (IVZ) Set to Announce Earnings on Wednesday (americanbankingnews.com)
A number of analysts have recently weighed in on the stock. Citigroup cut shares of Invesco from a “buy” rating to a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. set a $45.00 price objective on shares of Invesco and gave the stock a “buy” rating in a research note on Monday, January 8th. Bank of America cut shares of Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Monday, January 8th. Zacks Investment Research cut shares of Invesco from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.79.
Invesco (NYSE:IVZ) last announced its earnings results on Thursday, October 26th. The asset manager reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. Invesco had a net margin of 18.99% and a return on equity of 13.02%. The business had revenue of $976.60 million for the quarter, compared to analyst estimates of $940.96 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Invesco’s revenue was up 14.3% compared to the same quarter last year. equities research analysts anticipate that Invesco will post 2.67 EPS for the current year.
In related news, insider Colin Meadows sold 54,215 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $36.01, for a total transaction of $1,952,282.15. Following the transaction, the insider now owns 164,420 shares of the company’s stock, valued at $5,920,764.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.
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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