Invesco High Income 2023 Target Term Fund

Invesco High Income 2023 Target Term Fundverified

IHIT

Price:

$6.92

Market Cap:

$167.09M

Invesco High Income 2023 Target Term Fund is a closed ended fixed income mutual fund launched and managed by Invesco Advisers, Inc. The fund invests in fixed income markets of the United States. It also invests in real estate debt securities including commercial mortgage-backed securities. The fund employs fundamental analysis with bottom-up approach to create its portfolio. It conducts both in-house and external research to make its investments. Invesco High Income 2023 Target Term Fund was formed on November 23, 2016 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2016-11-23

Stock Exchange

NYSE

Ticker

IHIT

The PE Ratio as of September 2024 (TTM) for Invesco High Income 2023 Target Term Fund (IHIT) is -10.65

According to Invesco High Income 2023 Target Term Fund’s latest financial reports and current stock price. The company's current PE Ratio is -10.65. This represents a change of -73.59% compared to the average of -40.31 of the last 4 quarters.

Invesco High Income 2023 Target Term Fund (IHIT) Historical PE Ratio (quarterly & annually)

How has IHIT PE Ratio performed in the past?

The mean historical PE Ratio of Invesco High Income 2023 Target Term Fund over the last ten years is 7.43. The current -10.65 PE Ratio has changed -14419.66% with respect to the historical average. Over the past ten years (40 quarters), IHIT's PE Ratio was at its highest in in the November 2017 quarter at 83.60. The PE Ratio was at its lowest in in the November 2021 quarter at -101.48.

Quarterly (TTM)
Annual

Average

7.43

Median

11.94

Minimum

-32.40

Maximum

38.83

Invesco High Income 2023 Target Term Fund (IHIT) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Invesco High Income 2023 Target Term Fund PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual PE Ratio = 38.83

Minimum Annual Increase = -291.47%

Minimum Annual PE Ratio = -32.40

Quarterly (TTM)
Annual
YearPE RatioChange
2023-32.40-291.47%
202216.92-261.26%
2021-10.49-201.92%
202010.30-13.77%
201911.94-29.54%
201816.95-56.35%

Invesco High Income 2023 Target Term Fund (IHIT) Average PE Ratio

How has IHIT PE Ratio performed in the past?

The current PE Ratio of Invesco High Income 2023 Target Term Fund (IHIT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-8.66

5-year avg

-0.75

10-year avg

7.43

Invesco High Income 2023 Target Term Fund (IHIT) PE Ratio vs. Peers

How is IHIT’s PE Ratio compared to its peers?

Invesco High Income 2023 Target Term Fund’s PE Ratio is greater than Nuveen Corporate Income 2023 Target Term Fund (-34.66), less than Virtus Convertible & Income 2024 Target Term Fund (0), less than MFS Investment Grade Municipal Trust (28.45), less than Eaton Vance National Municipal Opportunities Trust (9.04), less than Invesco High Income 2024 Target Term Fund (3.77), less than Nuveen Preferred and Income Fund (-3.40), less than Nuveen California Select Tax-Free Income Portfolio (5.79), less than Federated Hermes Premier Municipal Income Fund (26.65), less than BlackRock MuniHoldings New York Quality Fund, Inc. (26.27),

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