Analysts Conflictied on These Financial Names: Eaton Vance Corp (NYSE: EV) and Visa Inc (NYSE: V)

By Carrie Williams

Analysts have been eager to weigh in on the Financial sector with new ratings on Eaton Vance Corp (NYSE: EV) and Visa Inc (NYSE: V).

Eaton Vance Corp (NYSE: EV)

Jefferies analyst Daniel Fannon reiterated a Hold rating on Eaton Vance Corp (NYSE: EV) yesterday and set a price target of $37. The company’s shares closed yesterday at $39.63, close to its 52-week high of $40.85.

Fannon said:

“EV reported F4Q16 adjusted EPS of $0.57 (JEF $0.60 / Consensus $0.59). Operating income missed our forecast by -$4.6M as blended fee rates continued to trend lower (down ~2% q/q) and compensation was slightly above expectations (+$2.4M).”

According to TipRanks.com, Fannon is a 5-star analyst with an average return of 10.3% and a 74.1% success rate. Fannon covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and WisdomTree Investments.

Eaton Vance Corp has an analyst consensus of Hold, with a price target consensus of $37.

Visa Inc (NYSE: V)

Jefferies analyst Jason Kupferberg reiterated a Buy rating on Visa Inc (NYSE: V) yesterday and set a price target of $93. The company’s shares closed yesterday at $79.93.

Kupferberg commented:

“We believe today’s stock price reaction to Visa’s new US debit routing policies is overdone. In our view, Visa could lose some US PIN debit market share, but this is low-yielding volume, and we don’t foresee any more than a very low single-digit EPS impact even in a worst-case scenario.”

According to TipRanks.com, Kupferberg is a 5-star analyst with an average return of 9.8% and a 70.1% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Automatic Data Processing, and Fidelity National Info.

Visa Inc has an analyst consensus of Strong Buy, with a price target consensus of $94.27.