Affiliated Managers Group Inc. Hits New 52-Week High at $189.49 (AMG)
Affiliated Managers Group (NYSE:AMG)’s share price reached a new 52-week high on Monday, Analyst Ratings.Net reports. The company traded as high as $189.49 and last traded at $189.23, with a volume of 231,734 shares traded. The stock had previously closed at $188.69.
A number of research firms have recently commented on AMG. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Affiliated Managers Group from $195.00 to $202.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their EPS on shares of Affiliated Managers Group in a research note to investors on Monday, October 7th. They now have a “buy” rating and a $214.00 price target on the stock. Finally, 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 seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $181.10.
Affiliated Managers Group has a one year low of $119.84 and a one year high of $189.43. The stock’s 50-day moving average is $182.4 and its 200-day moving average is $168.7. The company has a market cap of $9.993 billion and a price-to-earnings ratio of 39.53.
Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Tuesday, July 30th. The company reported $2.18 earnings per share for the quarter, beating the analysts’ 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 $9.51 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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