Eaton Vance Corporation (EV) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Eaton Vance Corporation (EV). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.29.
Eaton Vance Corporation (EV) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $43 and the lowest price target forecast is $28. The average forecast of all the analysts is $35.4 and the expected standard deviation is $5.55.
Company shares have received an average consensus rating of Hold for the current week Eaton Vance Corporation (NYSE:EV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.48 and $38.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.71, notching a gain of 1.02% for the day. The total traded volume was 515,477 . The stock had closed at $38.32 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Eaton Vance Corp, Smith Winthrop H Jr had sold 8,197 shares worth of $304,928 in a transaction dated June 23, 2016. In this transaction, 8,197 shares were sold at $37.2 per share.
Eaton Vance Corp is managing investment funds and providing investment management and advisory services to institutions and high-net-worth individuals. The Company develops and sustains management expertise across a range of investment disciplines and offers investment products and services through multiple distribution channels. The Companys principal investment affiliates Eaton Vance Management, Parametric, Atlanta Capital and Hexavest offer a range of strategies. The Eaton Vance Management offers Equity, income and alternative strategies based on in-depth fundamental analysis. The Parametric offers rules-based alpha-seeking equity, alternative and options strategies and implementation services. The Atlanta Capital actively manages high-quality US stock and bond portfolios constructed using bottom-up fundamental analysis. The Hexavest offer global equity and tactical allocation strategies combining fundamental research and quantitative models.