Why Today Is the Best Time to Buy Eaton Vance Corp. [EV] Stock at $65.00

Eaton Vance Corp. [EV] shares are up more than 48.05% this year and recently decreased 0.0% or $0.11 to settle at $65.00. Analysts expect EV to grow earnings at a 5.56% annual rate over the next 5 years. EV has a short ratio of 2.76. This implies that the market is currently less bullish on the outlook for EV.

Analyst Birdseye View:

The most recent analyst activity for Eaton Vance Corp. [NYSE:EV] stock was on October 01, 2020, when it was Upgrade with a Buy rating from Deutsche Bank, which also raised its 12-month price target on the stock from $38 to $45. On August 27, 2020, JP Morgan Upgrade an Overweight rating and boosted its price target on this stock to $50. On June 02, 2020, BofA/Merrill Upgrade a Buy rating and increased its price target to $43. On January 09, 2020, BofA/Merrill Upgrade a Neutral rating. On December 13, 2019, JP Morgan Upgrade a Neutral rating and boosted its amount on this stock to $49. On May 20, 2019, BofA/Merrill Downgrade an Underperform rating. On January 11, 2019 Deutsche Bank Downgrade a Hold rating and elevated its amount target to $39.

In the past 52 weeks of trading, this stock has oscillated between a low of $22.14 and a peak of $64.93. Right now, the middling Wall Street analyst 12-month amount mark is $65.00. At the most recent market close, shares of Eaton Vance Corp. [NYSE:EV] were valued at $65.00. According to the average price forecast, investors can expect a potential return of 4.03%.

FUNDAMENTAL ANALYSIS

Eaton Vance Corp. [NYSE:EV] most recently reported quarterly sales of 466.04 billion, which represented growth of -2.40%. This company’s Gross Margin is currently 83.70%, its Operating Margin is 30.60%, its Pretax Margin is +18.90, and its Net Margin is +7.83. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.00, 10.98, 8.52 and 3.77 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 65.99 and the whole liability to whole assets at 52.11. It shows enduring liability to the whole principal at 65.99 and enduring liability to assets at 0.52 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 64.72 points at 1st support level, the second support level is making up to 64.43. But as of 1st resistance point, this stock is sitting at 65.32 and at 65.63 for 2nd resistance point.

Eaton Vance Corp. [EV] reported its earnings at $0.88 per share in the fiscal quarter closing of 10/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.86/share signifying the difference of 0.02 and 2.30% surprise value. Comparing the previous quarter ending of 7/30/2020, the stated earnings were $0.82 calling estimates for $0.78/share with the difference of 0.04 depicting the surprise of 5.10%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.91, it’s amount to book ratio is 5.15 and showing 53.59 of P/E (TTM) ratio.