Eaton Vance Corp (EV) Gets a Hold Rating from Jefferies
In a report released today, Daniel Fannon from Jefferies reiterated a Hold rating on Eaton Vance Corp (EV), with a price target of $41. The company’s shares opened today at $41.26.
According to TipRanks.com, Fannon is a 5-star analyst with an average return of 13.4% and a 71.4% success rate. Fannon covers the Financial sector, focusing on stocks such as Affiliated Managers, Franklin Resources, and Blackrock Inc.
Eaton Vance Corp has an analyst consensus of Hold, with a price target consensus of $40.80, a -1.1% downside from current levels. In a report issued on February 20, Citigroup also maintained a Hold rating on the stock with a $40 price target.
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Eaton Vance Corp’s market cap is currently $4.83B and has a P/E ratio of 13.26. The company has a Price to Book ratio of 4.33.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EV in relation to earlier this year.
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Eaton Vance Corp. engages in the management of investment funds and provides counseling services. It offers a range of engineered portfolio implementation services, including tax-managed core and specialty index strategies, futures and options-based portfolio overlays, and centralized portfolio management of multi-manager portfolios.