Artisan Partners Asset Management Stock Rating Upgraded by Sandler O’Neill (APAM)
Artisan Partners Asset Management (NASDAQ:APAM) was upgraded by analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of Artisan Partners Asset Management (NASDAQ:APAM) opened at 55.61 on Monday. Artisan Partners Asset Management has a one year low of $36.87 and a one year high of $71.86. The stock’s 50-day moving average is $62.9 and its 200-day moving average is $61.52. The company’s market cap is $1.553 billion.
Artisan Partners Asset Management (NASDAQ:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. On average, analysts predict that Artisan Partners Asset Management will post $3.25 earnings per share for the current fiscal year.
APAM has been the subject of a number of other recent research reports. Analysts at RBC Capital initiated coverage on shares of Artisan Partners Asset Management in a research note on Monday. They set an “outperform” rating and a $74.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating in a research note on Friday, April 4th. They now have a $73.00 price target on the stock, up previously from $68.00. Finally, analysts at Citigroup Inc. upgraded shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $71.70.
Artisan Partners Asset Management Inc, is an independent investment management company that provides a range of 12 equity investment strategies spanning different market capitalization segments and investing styles in both United States and non-United States markets.
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