Dallas, Texas 05/08/2014 (FINANCIALSTRENDS) – Atlanta, Georgia based Invesco Ltd. (NYSE:IVZ) is an asset management company that provides financial services to institutional clients including major corporations, public entities, financial institutions, not-for-profit organizations, foundations, endowments and pension funds. Recently the company announced expansion of its product suite featuring three new mutual funds – Invesco Strategic Real Return Fund, Invesco Strategic Income Fund and Invesco Global Infrastructure Fund. These new funds will help clients achieve their savings goal with income generation and inflation protection.
Yesterday, the stock of Invesco Ltd. closed at $35.72, gaining 1.30% from its previous close. The stock has delivered 1.73% negative returns year to date and approximately 10% returns over previous 12 month period. The company has market capitalization of $15.46 billion with 432.68 million shares outstanding.
Analysts’ Ratings and Price Targets:
Recently, equities research analysts at JPMorgan Chase & Co. (NYSE:JPM) reaffirmed a “neutral” rating on the stock of Invesco Ltd. (NYSE:IVZ). They currently maintain a price target of $41 on the stock which indicates potential upside of 14.8% from its close on Wednesday.
Investment analysts at Citigroup Inc. (NYSE:C) also reaffirmed a “buy” rating on the stock of Invesco with a price target of $47 which it reduced from previous target of $48. However, it still suggests potential upside of 31.6% from its previous close of $35.72.
Investment analysts at Morgan Stanley (NYSE:MS) also raised their price target on the stock of Invesco to $40, from previously announced $38. Equities analysts at Keefe, Bruyette & Woods also upgraded their price target on the stock to $43 from previously held $42.
Consensus Rating:
From a consolidated view point, eight investment analysts have rated the stock of Invesco with a “hold” rating and eight analysts maintain a “buy” rating on the stock. Invesco Ltd. (NYSE:IVZ)’s stock presently has a consensus “buy” rating with an average price objective of $38.92.
