Invesco Ltd. (IVZ) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Invesco Ltd (IVZ) is a reputable publicly-owned investment management firm headquartered in Atlanta, Georgia. Founded in 1935, Invesco operates within the Financial Services sector, specializing in asset management for a diverse clientele, including retail and institutional investors, high-net-worth individuals, and public entities. The firm provides customized portfolios across equities and fixed income while launching a variety of financial products, including mutual funds and exchange-traded funds (ETFs). Additionally, Invesco employs a range of investment strategies, encompassing absolute return, global macro, and long/short methodologies in global public equity and fixed income markets.
Investment Recommendation
Current market sentiment suggests a “hold” recommendation for Invesco Ltd. analysts point to a target high price of $20.00, indicating potential for future growth. The stock is currently priced at $17.17, representing a solid opportunity for investors. Total revenue recently reported stands at approximately $5.81 billion, showcasing strong financial performance, while a total of 450,032,000 shares are outstanding. Of these, short interest consists of 7,805,982 shares, accounting for approximately 2.91% of the company’s float, which indicates a predominantly positive market outlook.
Price Projections and Market Dynamics
An analysis of Invesco’s stock price projections reveals a target mean price of $17.45, with a moderate expectation of stability in the current market environment. The target low price is projected at $16.00, offering a baseline for potential downside risk. The majority consensus from analysts, reflected by a recommendation mean of 2.8, signals a cautious yet optimistic outlook for investors. The stock’s current valuation is significantly above its fifty-two week low of $12.48 and approaching its high of $18.28, highlighting a positive trend in performance and investor interest. The fifty-day average of $16.49 further supports this upward momentum, indicating a healthy trading environment for Invesco Ltd.
| Metric | Value |
|---|---|
| Market Cap | $7.7b |
| Total Debt | $890.1m |
| Total Cash | $878.5m |
| Shares Outstanding | 450.0m |
| Float Shares | 333.6m |
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