In a report issued on November 16, Daniel Fannon from Jefferies reiterated a Hold rating on Eaton Vance Corp (EV), with a price target of $45. The company’s shares closed on Friday at $42.63, close to its 52-week low of $42.16.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 14.1% and a 73.2% success rate. Fannon covers the Financial sector, focusing on stocks such as Janus Henderson Group plc, WisdomTree Investments, and Gain Capital Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton Vance Corp with a $54 average price target.
See today’s analyst top recommended stocks >>
Based on Eaton Vance Corp’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $102 million. In comparison, last year the company had a net profit of $82.08 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Last month, Leo Higdon, a Director at EV sold 5,943 shares for a total of $261,254.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
