Envestnet (NYSE:ENV – Get Rating)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a report issued on Monday, Benzinga reports. They presently have a $80.00 target price on the business services provider’s stock. JMP Securities’ price objective points to a potential upside of 44.82% from the stock’s current price.
A number of other research analysts have also recently issued reports on ENV. DA Davidson raised their price target on shares of Envestnet from $70.00 to $74.00 in a report on Wednesday, January 4th. Raymond James cut shares of Envestnet from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $63.00 to $71.00 in a report on Friday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Envestnet from $53.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, January 23rd. Jefferies Financial Group raised their target price on shares of Envestnet from $40.00 to $47.00 in a report on Tuesday, February 21st. Finally, StockNews.com cut shares of Envestnet from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Envestnet has a consensus rating of “Hold” and an average target price of $63.63.
Envestnet Trading Up 2.1 %
NYSE:ENV opened at $55.24 on Monday. The firm has a 50 day moving average of $64.20 and a 200 day moving average of $56.73. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of -33.48 and a beta of 1.22. Envestnet has a 52 week low of $41.72 and a 52 week high of $84.58. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.14.
Hedge Funds Weigh In On Envestnet
Envestnet, Inc engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the following segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment provides unified wealth management software and services to empower financial advisors and institutions.
- Get a free copy of the StockNews.com research report on Envestnet (ENV)
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