Invesco Ltd. (NYSE:IVZ) soared 1.22% during previous trade, a total of 2.06M shares exchanged hands compared with its average trading volume of 3.33M shares whereas its relative volume is 0.48. The stock has a market capitalization of $13.06B along with 400.40M outstanding shares. Stock’s intraday price range hit the peak level of $31.55 and touched the lowest level of $31.14.
Most recently Invesco Ltd. (NYSE:IVZ)’s price target was revised on 08/24/16 and according to 12 analysts stock’s price will reach at $33.67 during 52 weeks with standard deviation of 3.26. Stock’s minimum price target estimates has been figured out at $30.00 while the maximum price target forecast is established at $38.00, if we look at the price target with an optimistic approach it has upside potential of 21% from its latest closing price of $31.48.
Historically, if we look at price target revisions, three weeks ago Invesco Ltd. (NYSE:IVZ)’s price target was revised on 08/09/16 by the analysts, however the bullish price estimates of the stock set at $39.00 while the bearish estimates kept at $30.00 over the next one year. Stock’s 52-week target was retained at $35.13, the estimates indicates a standard deviation of 3.40.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.50. ABR value is precisely based on brokerage recommendations, where out of 11 brokerage recommendations 7 rate Invesco Ltd. (NYSE:IVZ) stock a Strong Buy, 2 rate the stocks of the company a Buy, 2 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 6/27/2016 the stock of Invesco Ltd. (NYSE:IVZ) downgraded by Citigroup from Buy to Neutral. However previously on 6/2/2016 it was downgraded by UBS from Buy to Neutral. A research note issued on 9/21/2015 the stock was upgraded by Morgan Stanley from Equal-Weight to Overweight.
Invesco Ltd. (NYSE:IVZ) performance over the past one year plunged -0.67%, during the last six months the stock rose 10.57%. Quarterly performance of the company shows optimistic momentum of 3.81% while its last one month trend is positive with 9.88%. Stock’s weekly performance expressed up trend of 1.94%.
The company’s price sits 11.88% above from its 50-day moving average of $29.58 and 7.92% far from the stock’s 200-day moving average which is $29.23. Invesco Ltd. (NYSE:IVZ)’s shares are currently trading -7.41% away from the 52-week high price of $34.00 and +38.04% far from the 52-week low price of $22.80.
According to consensus agreement of 15 analysts Invesco Ltd. (NYSE:IVZ) will report earnings per share of $0.59 in their quarterly report and it is expected to announce the company’s results on 11/3/16. For the current quarter the company has high EPS estimates of $0.62 in contradiction of low EPS estimates of $0.57. However a year ago for the same quarter the company has reported $0.61 EPS. Current year EPS projections for Invesco Ltd. (NYSE:IVZ) are set at $2.25 according to the sentiments of 17 analysts, while its lowest earnings estimates are $2.2 and highest earnings estimates are $2.32.
According to 9 analysts, Invesco Ltd. (NYSE:IVZ)’s revenue estimates for the current quarter are $861.14M meanwhile the company has high revenue estimates of $869.8M in contradiction of low revenue estimates of $839.58M. For the current year the company’s revenue estimates are $3.41B compared to low analyst estimates of $3.32B and high estimates of $3.44B according to the projection of 9 analysts.