Eaton Vance Corp.'s (EV) principal business is creating, marketing and managing investment funds and providing investment management and counseling services to institutions and individuals. The firm manages over $190 billion through more than 150 mutual and closed end funds as well as 1,300 separately managed accounts for institutions. The Trend Spotter signaled a buy on 11/2 and during the last quarter the stock advanced 31 times for a gain of 27.63%. The stock was found by sorting the Barchart New High list of stock trading over 100K shares per day and then sorted for frequency.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signals
- Above its 20, 50 and 100 day moving averages
- 31 new highs and up 27.63% in the last quarter
- Relative Strength Index 83.56%
- Barchart computes a technical support level at 36.52
- Recently traded at 37.21 with a 50 day moving average of 33.24
Fundamental factors:
- Market Cap - $4.27 billion
- P/E 20.18
- Dividend yield 2.19%
- Analysts have issued 1 buy and 10 hold recommendations
- Revenue projected to be up 8.20% this year and another 8.70% next year
- Earnings estimated to increase by 12.20% this year, an additional 11.80% next year and continue to increase by 12.05% annually for the next 5 years
- Analysts predict investors could see an annual total return in the 18% - 22% range for the next 5 years
- Financial strength rating B+
