In a report released yesterday, Robert Lee from KBW reiterated a Hold rating on Eaton Vance Corp (EV), with a price target of $48. The company’s shares closed on Friday at $42.63, close to its 52-week low of $42.16.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 6.9% and a 64.2% success rate. Lee covers the Financial sector, focusing on stocks such as Victory Capital Holdings Inc, Janus Henderson Group plc, and Oaktree Capital Group Llc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Eaton Vance Corp with a $52 average price target, representing a 22.0% upside. In a report issued on November 16, Jefferies also reiterated a Hold rating on the stock with a $45 price target.
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The company has a one-year high of $60.95 and a one-year low of $42.16. Currently, Eaton Vance Corp has an average volume of 675.9K.
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.
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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.
