Let’s reassess the active stocks with an eye toward IVZ stock. Just how should we respond to Tuesday’s drubbing? Is the mighty fruit now destined to decay? Or is this a mere bruising and nothing more? On 12 February, shares of Invesco Ltd. (NYSE:IVZ) closed higher after a volatile session. The shares accumulated 0.38 points or 2.09 percent at $18.57 with a light trade volume of 5.024 million shares. After opening the session at $18.4, the shares went as high as $18.61 and as low as $18.33, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.8 billion and now has 419.79 million shares outstanding. Invesco Ltd. (IVZ) stock has gained 6.85 percent of market value in 21 trading days.
IVZ stock has a trailing 3-year beta of 1.5, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.14 a share in the trailing twelve months. The stock’s value has surged 10.93 percent year to date (YTD) against a decline of -42.76 percent in 12 month’s time. The company’s shares still trade -46.99 percent away from its 1-year high of $35.03 and 20.74 percent up from 52-week low of $15.38. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Invesco Ltd. (IVZ) will probably climb 4.79 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $24 price as 12-month high target. This represents a whopping 29.24 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $19, which represents a return potential of 2.32 percent when compared to the closing price of the stock of $18.57 on Tuesday, February 12. The lowest price target for the stock is $17 — slightly more than -8.45 percent from IVZ’s current share price.
History has shown that shares in Invesco Ltd. have gone up on 20 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings.
Let’s take a look at some insider activity at Invesco Ltd. (NYSE:IVZ) and see the pattern. The earliest insider trade took place on 02/08/2019. Canion Rod gathered a total of 10 thousand shares of company at average share price of $17.97. The total for the purchase was set at $179.7 thousand. After this transaction, the Director account balance stood at 64.45 thousand shares. The stock grew 3.34 percent since that insider purchase. On 03/15/2018, Flanagan Martin L, President & CEO, sold 422.86 thousand shares at a price per share of $33.12. This removed 14.01 million shares from the insider’s fortune and the stock saw a -43.93 percent retreat in value since the news became public. This transaction left 675.97 thousand shares in the President & CEO account.
On 03/09/2018, Chief Accounting Officer Lege Annette performed a sale transaction worth $171.55 thousand. This sale at $34.31 each has eliminated 5 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -45.88 percent decrease since the transaction was reported. The insider now is left with 57.83 thousand shares remaining in the account. Beshar Sarah, who performs the Director job, bought 2.97 thousand shares for $98.96 thousand. The acquisition occurred on 02/27/2018 was priced at $33.32 per share. The share price plunged -44.27 percent since the reporting date. Beshar Sarah now left with a stake of 8.84 thousand IVZ stock worth $164.1 thousand after the insider buying.
The stock is currently hovering around the first support level of $18.4. Below this, the next support is placed in the zone of $18.22. Till the time, the IVZ stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 54.04 on daily chart, which may remain a cause for concern. If the price breaks below $18.22 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $18.68 mark may result into a pull-back move towards $18.78 level.
Shares of Invesco Ltd. (IVZ) are trading at a P/E ratio of 8.51 times earnings reported for the past 12 months. The industry IVZ operates in has an average P/E of 242.78. Its P/E ratio went as low as 7.82X and as high as 17.36 over the 5-year span.Further, it is sporting a 1.47 on the Price-to-Sales ratio. Compare this with the industry average P/S of 8.41. 69.7 percent is the gross profit margin for Invesco Ltd. and operating margin sits at 25.4 percent. Along with this, the net profit margin is 22.1 percent.