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Invesco (IVZ) demonstrates strong technical momentum, with shares up more than 50% over the past year.
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Shares are trading near a new 5-year high.
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Analyst sentiment is positive, with multiple "Buy" ratings and price targets ranging from $29 to $50, and a consensus near $34.
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IVZ's diversified product suite spans 344 mutual funds and 245 ETFs, supporting its growth beyond flagship products like the Nasdaq 100 ETF (QQQ).
Today's Featured Stock
Valued at $14.5 billion, Invesco (IVZ) is independent investment manager and offers a wide range of investment products and services. Invesco distributes a broad range of investment products and services. Its asset classes include money market, fixed income, balanced income, equity, and alternatives. Invesco sells its products through two principal distribution channels: retail and institutional.
What I'm Watching
I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. IVZ checks those boxes. The Trend Seeker issued a new "Buy" signal on July 15. Since then, the stock has gained 8.94%.
More News from Barchart
Barchart's Technical Indicators for Invesco
Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
Invesco scored a 5-year high of $33.66 on Aug. 28.
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Invesco has a Weighted Alpha of 55.06.
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IVZ has a 100% "Buy" opinion from Barchart.
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The stock has gained 50.39% over the past 52 weeks.
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Invesco has its Trend Seeker "Buy" signal intact.
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The stock recently traded at $33.25 with a 50-day moving average of $30.43.
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IVZ had 9 new highs and gained 3.2% in the last month.
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60-month beta of 1.63.
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Relative Strength Index (RSI) is at 61.56.
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There's a technical support level around $32.31.
Don't Forget the Fundamentals
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$14.5 billion market capitalization.
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12.64x trailing price-earnings ratio.
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2.61% dividend yield.
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Revenue is projected to grow 16.31% this year and another 8.78% next year.
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Earnings are estimated to increase by 38.27% this year and an additional 16.19% next year.
Analyst and Investor Sentiment on Invesco
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The Wall Street analysts followed by Barchart give the stock 4 "Strong Buy," 1 "Moderate Buy," and 9 "Hold" opinions with price targets between $29 and $39.
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Value Line rates the stock "Average" with price targets from $35 to $50.
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Morningstar thinks the stock is fairly valued.
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CFRA's MarketScope rates the stock as "Buy" with a price target of $34.
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19,230 investors are following the stock on Seeking Alpha, which rates it a "Strong Buy."
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TipRanks' analysts' price targets are between $29 and $39 with a consensus price target of $33.94.
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Short interest is 2.50% of the float with 2.24 days to cover the float.
The Bottom Line on Invesco
Invesco is known for its Nasdaq-100 ETF (QQQ), but it is so much more. It manages over 344 mutual funds and 245 ETFs. I personally own several of them.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculate should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
