Eaton Vance Corp. (NYSE:EV) went down by -0.37% during the previous trading session, and it is maintaining the win ahead of Friday’s trading session. The share price of the Asset Management giant went up by $40.23 to trade ended Friday trading at $40.38. This is down from the $40.38 price recorded on Thursday’s trading session. Thanks to this latest performance, EV is closer to the higher price 52-week target of $43.00 and further from the lowest price target of $35.00. Its performance from the start of the year has also been negative, with EV down by -13.84% year-to-date.
Eaton Vance Corp. (EV) started the day trading at $41.08 and recorded an intraday high of $41.08. It also recorded an intraday low of $39.83 during Friday’s trading session. Eaton Vance Corp. is a very active stock that recorded a trading volume that is more than 18.5% of the average daily trading volume on Friday. The stock’s trading volume on Friday was 1180381, which is more than 18.5 of the total average daily trading volume of 961.98K.
Eaton Vance Corp. (NYSE:EV) 2020 Performance Impressive
The increase in EV’s stock price on Friday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of EV currently stands at $51.79, which is higher than the current trading price of the stock by 22.32%. However, EV’s current trading price is -70.54% lower than the 52-week low price of $23.59. In terms of trading volume, Eaton Vance Corp. currently experienced healthy participation during the last trading session. 1180381 shares of Eaton Vance Corp. were traded on the stock exchange on Friday, which is more than 18.5% of the 961.98K average trading volume of the stock.
The performance of the stock has been positive over the past year. EV’s performance over the past one year has seen it plunge by -6.00%, while the stock has gone down by -14.77% in the last six months. The quarterly performance of EV currently stands at 44.71%, and it is up by 18.74% in the last month. The only positive figure was from the weekly performance, which currently reads 1.95%. At the time of writing EV’s report, the company has a total market cap of $4.62B, making it one of the largest publicly-traded companies in the world.Eaton Vance Corp. also has over 1871 employees all over the world.
EV Insider Activities
For Eaton Vance Corp., insiders hold 70.40% of all company shares. The insider transactions over the past six months are up by 0.90%. During that period, insiders bought 24,700 shares in 6 transactions. In that same period, insiders sold 4,273 of their shares in 2 transactions. After these transactions, insiders at Eaton Vance Corp. now hold 4.13M shares, which is over 70.91% of the total company stocks. Institutional investors currently hold a large chunk of the EV shares, as they control 3.79% of the company’s total stock.
EV Fundamental Analysis
For Eaton Vance Corp., the stock’s diluted earnings per share (EPS) stands at 3.41. In the coming year, analysts expect the EPS to be 3.10. The EPS growth will up over the next five years to 1.73% after surging by 7.50% in the previous five years. In terms of revenue, Eaton Vance Corp.’s quarterly sales (YOY) is growing at 0.74, which is lower than the average annual revenue of 7.50% over the past half a decade.
The Return on Investment (ROI) on Eaton Vance Corp.’s stock currently stands at 11.30%, and it has a net profit margin of 22.50%. The operating margin of the company is 30.70%, and its gross margin is 83.40%.
EV Analysts Prediction
and Deutsche Bank reiterate their Hold position on the stock ($57 and $39).
EV Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of EV currently stands at 2.18%, while the SMA50 is 10.06%. The biggest one is the SMA200, which is currently reading -4.57% ahead of Friday’s trading session. The Relative Strength Index of this stock is 56.35, while its price to earnings ratio (P/E) is 11.79.