Eaton Vance Corp. [NYSE:EV] is flashing a current price of $60.48. On Wednesday, the company’s daily low is at $40.445 as the high is reaching $41.28.
The price per sales of 2.68 and price per cash flow of 22.98. The company is also booking 2.50 earnings per share.
EV’s next earning date is 11/11/2020. The company has price per sales of 2.68 and price per cash flow of 22.98. The company is also booking 2.50 earnings per share.
The Price is right
Holding a Market Cap of $4.59 billion, Eaton Vance Corp. has seen a trading range over the last year of $23.59-$51.79.
For the last five days, EV is up from its last closing price. The average shares trading hands each day is 565.34K, with average 10-day volume coming in at 0.54 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for EV. When we apply the Elder Force Index to Eaton Vance Corp., we are seeing an Elder Force Indicator number of 116479718.14.
The recent performance of the stock is another area that can tell traders how to proceed. EV is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 11.45. Moreover, the company’s enterprise value has gone from $5.21B to $5.79B quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, EV made a profit of 131.22 million. Eaton Vance Corp. also saw quarter revenue growth year over year of 2.42%. In addition, the company has operating cash flow of $386.7 million.
Looking at popular technical indicators, the company’s 5-day moving average is 44.20 compared to the 50-day moving average of 39.04. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. EV currently holds a 9-day RSI of 94.21%, while 100-day RSI stands at 60.36%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. EV’s 9-day MACD is 5.57 and the company’s 100-day MACD stands at 8.41.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 3.79% by insiders and 70.91% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 9.19%, while the second top holder, Blackrock Inc., currently owns 8.92%.
Overall, the recommended rating for EV is Moderate Buy. Currently, the company has 8 analysts watching the stock, and the average quarterly earnings estimate is 0.87. Quarterly revenue estimates are averaging 440.59M with the high estimate reaching 446M and the low at 435.07M.
To review, the current 1-year target estimate is sitting at 43.31, while the current price 60.48. Based on this, we expect some pullback on the stock over time given our above analysis.