Affiliated Managers Group Price Target Raised to $202.00 at Keefe, Bruyette & Woods (AMG)
Stock analysts at Keefe, Bruyette & Woods upped their price target on shares of Affiliated Managers Group (NYSE:AMG) from $195.00 to $202.00 in a report issued on Wednesday, Analyst Ratings Net reports. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 10.08% from the stock’s previous close.
A number of other analysts have also recently weighed in on AMG. Analysts at Jefferies Group raised their EPS on shares of Affiliated Managers Group in a research note to investors on Monday. They now have a “buy” rating and a $214.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Affiliated Managers Group in a research note to investors on Friday, October 4th. They now have a $195.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $181.10.
Affiliated Managers Group (NYSE:AMG) traded up 0.46% during mid-day trading on Wednesday, hitting $183.51. 315,650 shares of the company’s stock traded hands. Affiliated Managers Group has a 1-year low of $119.84 and a 1-year high of $189.43. The stock has a 50-day moving average of $181.7 and a 200-day moving average of $168.. The company has a market cap of $9.699 billion and a price-to-earnings ratio of 38.27.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $2.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.10 by $0.08. The company had revenue of $541.00 million for the quarter, compared to the consensus estimate of $527.10 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. On average, analysts predict that Affiliated Managers Group will post $9.50 earnings per share for the current fiscal year.
Affiliated Managers Group, Inc (NYSE:AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates).
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