Keefe, Bruyette & Woods Reiterates Market Perform Rating for Artisan Partners Asset Management (APAM)
Artisan Partners Asset Management (NASDAQ:APAM)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a report released on Friday, AnalystRatingsNetwork reports. They currently have a $70.00 target price on the stock, up from their previous target price of $62.00. Keefe, Bruyette & Woods’ price target points to a potential upside of 2.64% from the company’s current price.
APAM has been the subject of a number of other recent research reports. 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 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.70.
Artisan Partners Asset Management (NASDAQ:APAM) traded up 2.90% during mid-day trading on Friday, hitting $70.18. 307,832 shares of the company’s stock traded hands. Artisan Partners Asset Management has a 52 week low of $35.14 and a 52 week high of $68.74. The stock has a 50-day moving average of $63.25 and a 200-day moving average of $55.75. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 78.75.
Artisan Partners Asset Management (NASDAQ:APAM) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Analysts expect that Artisan Partners Asset Management will post $2.53 EPS for the current fiscal year.
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