Morgan Stanley Maintains Their Hold Rating on Invesco (IVZ)

Morgan Stanley analyst Michael Cyprys maintained a Hold rating on Invesco (IVZResearch Report) today and set a price target of $29.00. The company’s shares closed last Friday at $24.55.

According to TipRanks.com, Cyprys is a 4-star analyst with an average return of 10.2% and a 62.7% success rate. Cyprys covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Apollo Global Management.

Currently, the analyst consensus on Invesco is a Moderate Buy with an average price target of $30.13, implying a 23.1% upside from current levels. In a report issued on January 4, Goldman Sachs also maintained a Hold rating on the stock with a $26.00 price target.

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Invesco’s market cap is currently $11.13B and has a P/E ratio of 9.54.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IVZ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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