Invesco Ltd (NYSE: IVZ) has reported E.P.S. of $0.29 for its second fiscal quarter (ending June 30) versus $0.29 for the same period a year ago — flat performance. This performance was $-0.12 short of the consensus estimate of $0.41. E.P.S. were $-0.75 for the latest four quarters through June 30 versus $1.41 for the same period a year ago — a decline of -153%.
Recent Price Action
Invesco Ltd (NYSE: IVZ) stock closed at $16.80 on 7/23/24 after an increase of 1.9%. Moreover, trading volume in this advance was exceptionally high at 229% of normal. The stock has risen 3.6% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, IVZ is expected to continue to be a Value Builder.
INVESCO has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. INVESCO has a neutral Power Rating of 51 but a very high Appreciation Score of 86, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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