Affiliated Managers Group PT Lowered to $260.00 at Credit Suisse (AMG)
Research analysts at Credit Suisse decreased their price target on shares of Affiliated Managers Group (NYSE:AMG) from $262.00 to $260.00 in a report released on Wednesday. Credit Suisse’s target price would suggest a potential upside of 29.99% from the stock’s previous close.
Affiliated Managers Group (NYSE:AMG) opened at 200.02 on Wednesday. Affiliated Managers Group has a one year low of $171.81 and a one year high of $219.39. The stock’s 50-day moving average is $202.2 and its 200-day moving average is $194.6. The company has a market cap of $11.112 billion and a P/E ratio of 27.36.
Affiliated Managers Group (NYSE:AMG) last released its earnings data 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. On average, analysts predict that Affiliated Managers Group will post $11.86 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Affiliated Managers Group from $235.00 to $238.00 in a research note on Thursday, July 31st. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $233.17.
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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