Affiliated Managers Group Given Buy Rating at Deutsche Bank (AMG)
Affiliated Managers Group (NYSE:AMG)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Monday. They currently have a $235.00 price objective on the stock, up from their previous price objective of $227.00. Deutsche Bank’s price target suggests a potential upside of 15.25% from the stock’s previous close.
A number of other firms have also recently commented on AMG. Analysts at Zacks reiterated a “neutral” rating on shares of Affiliated Managers Group in a research note on Tuesday, July 1st. They now have a $216.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Wednesday, April 30th. They now have a $240.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Affiliated Managers Group from $225.00 to $232.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Affiliated Managers Group has an average rating of “Buy” and an average target price of $228.71.
Affiliated Managers Group (NYSE:AMG) traded up 0.31% during mid-day trading on Monday, hitting $204.55. The stock had a trading volume of 188,999 shares. Affiliated Managers Group has a 1-year low of $171.66 and a 1-year high of $219.39. The stock has a 50-day moving average of $199. and a 200-day moving average of $196.2. The company has a market cap of $11.308 billion and a price-to-earnings ratio of 30.09.
Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.10. The company had revenue of $593.10 million for the quarter, compared to the consensus estimate of $607.83 million. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts predict that Affiliated Managers Group will post $11.84 earnings per share for the current fiscal year.
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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