Eaton Vance Reaches New 52-Week High (EV)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Eaton Vance Corporation (NYSE: EV) hit a new 52-week high Friday as it is currently trading at $37.77, above its previous 52-week high of $37.58 with 345,532 shares traded as of 2:26 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Eaton Vance has a market cap of $4.35 billion and is part of the financial sector and financial services industry. Shares are up 17.9% year to date as of the close of trading on Thursday.

Eaton Vance Corp., through its subsidiaries, engages in the creation, marketing, and management of investment funds in the United States. It also provides investment management and counseling services to institutions and individuals. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Eaton Vance as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, growth in earnings per share, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Eaton Vance Ratings Report.

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