Affiliated Managers Group Price Target Raised to $230.00 at Keefe, Bruyette & Woods (AMG)
Equities researchers at Keefe, Bruyette & Woods boosted their price objective on shares of Affiliated Managers Group (NYSE:AMG) from $214.00 to $230.00 in a research report issued on Friday, American Banking & Market News reports. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 7.26% from the stock’s previous close.
Shares of Affiliated Managers Group (NYSE:AMG) traded down 0.39% during mid-day trading on Friday, hitting $214.43. 291,182 shares of the company’s stock traded hands. Affiliated Managers Group has a 52 week low of $137.93 and a 52 week high of $219.39. The stock has a 50-day moving average of $206.8 and a 200-day moving average of $188.6. The company has a market cap of $11.360 billion and a P/E ratio of 42.20.
Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Tuesday, November 5th. The company reported $2.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.15 by $0.04. The company had revenue of $551.60 million for the quarter, compared to the consensus estimate of $556.95 million. During the same quarter last year, the company posted $1.91 earnings per share. Affiliated Managers Group’s revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Affiliated Managers Group will post $9.68 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Affiliated Managers Group in a research note to investors on Thursday, January 2nd. They now have a $228.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 14th. They now have a $212.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Affiliated Managers Group in a research note to investors on Sunday, November 10th. They now have a $214.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $194.90.
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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