Eaton Vance Corporation (EV) : Traders are bullish on Eaton Vance Corporation (EV) as it has outperformed the S&P 500 by a wide margin of 6.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.32%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.29% in the last 1 week, and is up 6.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Eaton Vance Corp. is up 14.8% in the last 3-month period. Year-to-Date the stock performance stands at 26.88%. The stock has recorded a 20-day Moving Average of 5.49% and the 50-Day Moving Average is 10.03%.
Eaton Vance Corporation (NYSE:EV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.79 and $39.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $40.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.18, notching a gain of 0.55% for the day. The total traded volume was 743,895 . The stock had closed at $39.96 on the previous day.
Also, Equity Analysts at the Keefe Bruyette & Woods maintains the rating on Eaton Vance Corporation (NYSE:EV). The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency raises the price target from $38 per share to $40 per share. The rating by the firm was issued on August 19, 2016.
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.