Artisan Partners Asset Management Inc Hits New 52-Week High at $71.54 (APAM)
Shares of Artisan Partners Asset Management (NASDAQ:APAM) hit a new 52-week high during trading on Tuesday, ARN reports. The stock traded as high as $71.54 and last traded at $71.27, with a volume of 144,484 shares trading hands. The stock had previously closed at $70.42.
A number of analysts have recently weighed in on APAM shares. Analysts at Goldman Sachs Group Inc. upgraded shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 10th. Separately, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Artisan Partners Asset Management in a research note to investors on Friday, January 10th. They now have a $70.00 price target on the stock, up previously from $62.00. Finally, 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $60.70.
Artisan Partners Asset Management has a 52 week low of $35.14 and a 52 week high of $71.54. The stock has a 50-day moving average of $65.32 and a 200-day moving average of $56.82. The company has a market cap of $1.412 billion and a price-to-earnings ratio of 81.32.
Artisan Partners Asset Management (NASDAQ:APAM) last released its earnings data on Monday, October 28th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.02. On average, analysts predict that Artisan Partners Asset Management will post $2.54 earnings per share for the current fiscal year.
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