Keefe, Bruyette & Woods Increases Affiliated Managers Group Price Target to $238.00 (AMG)
Stock analysts at Keefe, Bruyette & Woods upped their price objective on shares of Affiliated Managers Group (NYSE:AMG) from $235.00 to $238.00 in a report issued on Thursday. Keefe, Bruyette & Woods’ price target indicates a potential upside of 21.69% from the stock’s previous close.
Affiliated Managers Group (NYSE:AMG) traded down 1.84% on Thursday, hitting $195.58. The stock had a trading volume of 603,028 shares. Affiliated Managers Group has a 52 week low of $171.81 and a 52 week high of $219.39. The stock has a 50-day moving average of $203.8 and a 200-day moving average of $195.3. The company has a market cap of $10.835 billion and a price-to-earnings ratio of 27.16.
Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Tuesday, July 29th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.05. The company had revenue of $541.00 million for the quarter, compared to the consensus estimate of $630.56 million. During the same quarter in the previous year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Affiliated Managers Group will post $11.86 EPS for the current fiscal year.
AMG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Monday, July 14th. They now have a $235.00 price target on the stock, up previously from $227.00. Separately, 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $229.57.
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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