Expensive Market, What To Buy? Eaton Vance Corp. (NYSE:EV), Square Inc. (NYSE:SQ)

The shares of Eaton Vance Corp. (NYSE:EV) has been pegged with a rating of Neutral by BofA/Merrill in its latest research note that was published on January 09, 2020. BofA/Merrill wasn’t the only research firm that published a report of Eaton Vance Corp., with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on December 13, 2019, to Neutral the EV stock while also putting a $49 price target. The stock had earned Underperform rating from BofA/Merrill Markets when it published its report on May 20, 2019. The stock was given Hold rating by Deutsche Bank in its report released on January 11, 2019, the day when the price target on the stock was placed at 39. JP Morgan was of a view that EV is Underweight in its latest report on November 28, 2018. Citigroup thinks that EV is worth Neutral rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $42.13. The price of the stock the last time has raised by 30.73% from its 52-Week high price while it is -40.45% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 43.00.

The shares of the company added by 8.06% during the trading session on Wednesday, reaching a low of $28.86 while ending the day at $30.84. During the trading session, a total of 1.08 million shares were traded which represents a -59.35% decline from the average session volume which is 675120.0 shares. EV had ended its last session trading at $28.54. Eaton Vance Corp. currently has a market cap of $3.32 billion, while its P/E ratio stands at 8.44, while its P/E earnings growth sits at 2.58, with a beta of 1.60. EV 52-week low price stands at $23.59 while its 52-week high price is $51.79.

The company in its last quarterly report recorded $0.86 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $0.95 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -3.49%. Eaton Vance Corp. has the potential to record 3.52 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Nomura published a research note on March 25, 2020 where it informed investors and clients that Square Inc. (NYSE:SQ) is now rated as Neutral. Their price target on the stock stands at $49. Needham also rated SQ as Reiterated on March 25, 2020, with its price target of $60 suggesting that SQ could surge by 32.98% from its current share price. Even though the stock has been trading at $46.31/share, analysts expect it to surge by 13.13% to reach $78.17/share. It started the day trading at $58.10 and traded between $49.53 and $52.39 throughout the trading session.

A look at its technical shows that SQ’s 50-day SMA is 69.95 while its 200-day SMA stands at 67.33. The stock has a high of $87.25 for the year while the low is $32.33. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 30.0 M shorted shares, the short percentage went lower by -13.98%, as 25.81M EV shares were shorted. At the moment, only 8.57% of Square Inc. shares were sold short. The company’s P/E ratio currently sits at 85.33, while the P/B ratio is 13.13. The company’s average trading volume currently stands at 11.74M shares, which means that the short-interest ratio is just 2.56 days. Over the past seven days, the company moved, with its shift of 32.63%. Looking further, the stock has dropped -16.58% over the past 90 days while it lost -8.89% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more SQ shares, increasing its portfolio by 2.57% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 664,523 shares in the last quarter, thus it now holds 26,509,748 shares of SQ, with a total valuation of $2,209,057,301. Capital Research & Management Co…. meanwhile bought more SQ shares in the recently filed quarter, changing its stake to $1,483,181,920 worth of shares.

Similarly, BlackRock Fund Advisors increased its Square Inc. shares by 1.62% during the recently filed quarter. After buying 13,739,931 shares in the last quarter, the firm now controls 219,445 shares of Square Inc. which are valued at $1,144,948,450. In the same vein, Viking Global Investors LP increased its Square Inc. shares by during the most recent reported quarter. The firm bought 13,701 shares during the quarter which increased its stakes to 10,044,042 shares and is now valued at $836,970,020. Following these latest developments, around 0.50% of Square Inc. stocks are owned by institutional investors and hedge funds.