Wednesday, December 2, 2020

why Eaton Vance Corp. [EV] is a Good Choice for Investors After New Price Target of $54.06

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Eaton Vance Corp. [NYSE: EV] closed the trading session at $59.49 on 10/28/20. The day’s price range saw the stock hit a low of $59.25, while the highest price level was $59.83. The company report on October 29, 2020 that Eaton Vance Municipal Income 2028 Term Trust Announces Telephonic Annual Meeting Of Shareholders On November 12, 2020.

The following notice relates to the Annual Meeting of Shareholders of Eaton Vance Municipal Income 2028 Term Trust:.


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Notice That Annual Meeting Of ShareholdersWill Be A Telephonic Meeting.

The stocks have a year to date performance of 27.41 percent and weekly performance of -2.65 percent. The stock has been moved at 62.10 percent over the last six months. The stock has performed 56.14 percent around the most recent 30 days and changed 65.16 percent over the most recent 3-months.

If compared to the average trading volume of 1.31M shares, EV reached to a volume of 1899776 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Eaton Vance Corp. [EV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EV shares is $54.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EV stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Eaton Vance Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 01, 2020. The new note on the price target was released on August 27, 2020, representing the official price target for Eaton Vance Corp. stock. Previously, the target price had yet another raise to $43, while BofA/Merrill analysts kept a Buy rating on EV stock.

The Average True Range (ATR) for Eaton Vance Corp. is set at 1.51, with the Price to Sales ratio for EV stock in the period of the last 12 months amounting to 3.98. The Price to Book ratio for the last quarter was 5.09, with the Price to Cash per share for the same quarter was set at 8.13. Price to Free Cash Flow for EV in the course of the last twelve months was 34.08.

EV stock trade performance evaluation

Eaton Vance Corp. [EV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.65. With this latest performance, EV shares gained by 56.14% in over the last four-week period, additionally plugging by 62.10% over the last 6 months – not to mention a rise of 28.13% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EV stock in for the last two-week period is set at 69.73, with the RSI for the last a single of trading hit 64.02, and the three-weeks RSI is set at 71.75 for Eaton Vance Corp. [EV]. The present Moving Average for the last 50 days of trading for this stock 45.67, while it was recorded at 60.94 for the last single week of trading, and 40.33 for the last 200 days.

Eaton Vance Corp. [EV]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Eaton Vance Corp. [EV] shares currently have an operating margin of +26.24 and a Gross Margin at +79.82. Eaton Vance Corp.’s Net Margin is presently recorded at +23.43.

Return on Total Capital for EV is now 13.46, given the latest momentum, and Return on Invested Capital for the company is 13.25. Return on Equity for this stock inclined to 34.66, with Return on Assets sitting at 10.10. When it comes to the capital structure of this company, Eaton Vance Corp. [EV] has a Total Debt to Total Equity ratio set at 187.63. Additionally, EV Total Debt to Total Capital is recorded at 65.23, with Total Debt to Total Assets ending up at 52.14. Long-Term Debt to Equity for the company is recorded at 187.63, with the Long-Term Debt to Total Capital now at 65.23.

Reflecting on the efficiency of the workforce at the company, Eaton Vance Corp. [EV] managed to generate an average of $213,808 per employee. Receivables Turnover for the company is 6.75 with a Total Asset Turnover recorded at a value of 0.43.

Earnings per share (EPS) analysis for Eaton Vance Corp. [EV] stock

With the latest financial reports released by the company, Eaton Vance Corp. posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.88/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eaton Vance Corp. go to 4.28%.

Eaton Vance Corp. [EV]: Insider Ownership positions

There are presently around $4,702 million, or 71.50% of EV stock, in the hands of institutional investors. The top three institutional holders of EV stocks are: VANGUARD GROUP INC with ownership of 10,490,755, which is approximately -2.612% of the company’s market cap and around 3.60% of the total institutional ownership; BLACKROCK INC., holding 10,186,854 shares of the stock with an approximate value of $606.02 million in EV stocks shares; and STATE STREET CORP, currently with $540.95 million in EV stock with ownership of nearly -5.695% of the company’s market capitalization.

Positions in Eaton Vance Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 167 institutional holders increased their position in Eaton Vance Corp. [NYSE:EV] by around 9,563,233 shares. Additionally, 171 investors decreased positions by around 8,562,796 shares, while 53 investors held positions by with 60,904,495 shares. The mentioned changes placed institutional holdings at 79,030,524 shares, according to the latest SEC report filing. EV stock had 58 new institutional investments in for a total of 2,137,706 shares, while 52 institutional investors sold positions of 2,036,630 shares during the same period.

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