KBW Sticks to Their Hold Rating for Eaton Vance Corp

By Austin Angelo

In a report released yesterday, Robert Lee from KBW reiterated a Hold rating on Eaton Vance Corp (NYSE: EV), with a price target of $59. The company’s shares closed yesterday at $54.80.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 8.5% and a 66.5% success rate. Lee covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Janus Henderson Group plc, and WisdomTree Investments.

Eaton Vance Corp has an analyst consensus of Moderate Buy, with a price target consensus of $59.25.

Eaton Vance Corp’s market cap is currently $6.6B and has a P/E ratio of 21.75. The company has a book value ratio of 5.9509.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock.

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Eaton Vance Corp. engages in the management of investment funds and provides counseling services. It offers a range of engineered portfolio implementation services, including tax-managed core and specialty index strategies, futures and options-based portfolio overlays, and centralized portfolio management of multi-manager portfolios.