In a report released today, Alexander Blostein from Goldman Sachs maintained a Hold rating on Invesco (IVZ – Research Report), with a price target of $16.75. The company’s shares opened today at $14.37.
According to TipRanks, Blostein is a 5-star analyst with an average return of 16.6% and a 72.02% success rate. Blostein covers the Financial sector, focusing on stocks such as Invesco, Ameriprise Financial, and Franklin Resources.
Currently, the analyst consensus on Invesco is a Hold with an average price target of $16.98, a 18.16% upside from current levels. In a report released today, Evercore ISI also maintained a Hold rating on the stock with a $16.00 price target.
IVZ market cap is currently $6.55B and has a P/E ratio of -19.46.
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Invesco (IVZ) Company Description:
Invesco Ltd. engages as an independent global investment management firm. It operates through Investment Management segment. The firm offers a range of single-country, regional, and global capabilities across major equity, fixed income and alternative asset classes, delivered through a diverse set of investment vehicles. The company was founded in December 1935 and is headquartered in Atlanta, GA.
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