Positive Forecast for Invesco Stock by Argus

Argus, a stock research firm, recently announced an increase in their price target for Invesco (NYSE:IVZ), raising it from $20.00 to $22.00. This upgrade was made in a note sent to investors on Wednesday and comes with a "buy" rating for Invesco's stock. The revised price target suggests a potential upside of approximately 13.90% compared to the stock's last closing price.

Invesco operates as an asset management firm, and its stock performance has been a subject of interest among various financial analysts. Following Argus's report, other financial institutions have also provided their insights. For instance, Morgan Stanley reduced their price target for Invesco from $19.00 to $18.00, advising investors to hold the stock. Similarly, the Goldman Sachs Group lowered their target from $19.25 to $19.00 while maintaining a neutral position.

On the other hand, UBS Group has increased Invesco's target price to $19.00, also giving it a neutral rating. Deutsche Bank Aktiengesellschaft adjusted its target upwards from $18.00 to $19.00, placing a hold rating on the stock. Royal Bank of Canada recently initiated coverage on Invesco with a sector perform rating and set a target price of $19.00.

When looking at the overall sentiment towards Invesco, it is worth noting that one analyst has given the stock a sell rating, while eleven have classified it as a hold and two label it as a buy. According to MarketBeat.com, this indicates a consensus rating of "Hold" for Invesco, with an average price target of $18.92.

Invesco Stock Performance Insights

On the trading day following the announcement from Argus, Invesco's stock opened at $19.32. It is essential to consider various technical indicators, including a 50-day moving average that stands at $17.64 and a 200-day moving average at $17.27. Invesco's stock has shown volatility, with a 52-week low of $14.16 and a high of $19.49.

Financial metrics for Invesco include a debt-to-equity ratio of 0.66 and solid liquidity positions, evidenced by a quick ratio of 4.91 and a current ratio also at 4.91. The company's market capitalization is approximately $8.68 billion, with a negative PE ratio of -20.99, indicating challenges in profitability.

Institutional Investment Trends

Recent trends among institutional investors reflect a growing interest in Invesco's stock. For example, Fisher Asset Management LLC raised its holdings by 2.0% in the third quarter, now owning 4,540,913 shares valued at nearly $79.74 million. Another notable investment came from Massachusetts Mutual Life Insurance Co., which added a significant new stake worth approximately $1.43 billion.

It is important to mention that 66.09% of Invesco's stock is currently in institutional hands, highlighting the interest of institutional investors in this asset management firm.

About Invesco

Invesco Ltd. provides a wide range of investment management services to various client segments, including retail clients, institutional investors, high-net-worth individuals, and public entities. Their diversified approach aims to meet the specific investment needs of numerous organizations and clients.

Invesco, Forecast, Stocks