Artisan Partners Asset Management Inc Reaches New 12-Month High at $66.04 (APAM)
Shares of Artisan Partners Asset Management (NASDAQ:APAM) hit a new 52-week high during trading on Friday, ARN reports. The stock traded as high as $66.04 and last traded at $65.61, with a volume of 120,935 shares trading hands. The stock had previously closed at $64.82.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Artisan Partners Asset Management in a research note to investors on Sunday, November 17th. They now have a $65.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Artisan Partners Asset Management from $57.00 to $62.00 in a research note to investors on Monday, November 11th. They now have a “market perform” rating on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Artisan Partners Asset Management from $56.00 to $63.00 in a research note to investors on Wednesday, October 30th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus price target of $59.10.
Artisan Partners Asset Management has a one year low of $35.14 and a one year high of $66.01. The stock has a 50-day moving average of $62.41 and a 200-day moving average of $55.34. The company has a market cap of $1.302 billion and a price-to-earnings ratio of 74.85.
Artisan Partners Asset Management (NASDAQ:APAM) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.02.
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