Equities research analysts at StockNews.com assumed coverage on shares of Envestnet (NYSE:ENV – Get Rating) in a report issued on Thursday. The brokerage set a “sell” rating on the business services provider’s stock.
A number of other equities analysts also recently weighed in on ENV. Raymond James downgraded Envestnet from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $63.00 to $71.00 in a research report on Friday, January 6th. DA Davidson boosted their price target on Envestnet from $70.00 to $74.00 in a research note on Wednesday, January 4th. JMP Securities reiterated a “market outperform” rating and issued a $80.00 price target on shares of Envestnet in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Envestnet from $53.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, January 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Envestnet from $40.00 to $47.00 in a research report on Tuesday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Envestnet presently has a consensus rating of “Hold” and an average target price of $63.63.
Envestnet Price Performance
NYSE:ENV opened at $52.96 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50-day simple moving average is $63.99 and its 200 day simple moving average is $56.71. The company has a market cap of $2.86 billion, a P/E ratio of -32.10 and a beta of 1.22. Envestnet has a 52-week low of $41.72 and a 52-week high of $84.58.
Institutional Investors Weigh In On Envestnet
Envestnet Company Profile
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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