Jefferies analyst Daniel Fannon reiterated a Hold rating on Eaton Vance Corp (EV) yesterday and set a price target of $42. The company’s shares closed yesterday at $41.43, close to its 52-week low of $39.96.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 13.9% and a 72.0% 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 Hold analyst consensus rating for Eaton Vance Corp with a $46.90 average price target, a 13.2% upside from current levels. In a report issued on November 19, Citigroup also downgraded the stock to Hold with a $46.50 price target.
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The company has a one-year high of $60.95 and a one-year low of $39.96. Currently, Eaton Vance Corp has an average volume of 772.8K.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Most recently, in October 2018, Leo Higdon, a Director at EV sold 5,943 shares for a total of $261,254.
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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.
