Affiliated Managers Group Given Average Recommendation of “Buy” by Brokerages (NYSE:AMG)
Shares of Affiliated Managers Group (NYSE:AMG) have earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, Analyst RN reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $227.80.
A number of analysts have recently weighed in on AMG shares. Analysts at Credit Suisse upgraded shares of Affiliated Managers Group to a “focus list” rating in a research note on Tuesday, August 26th. Finally, 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.
Shares of Affiliated Managers Group (NYSE:AMG) opened at 211.15 on Tuesday. Affiliated Managers Group has a 1-year low of $173.86 and a 1-year high of $219.39. The stock has a 50-day moving average of $202.4 and a 200-day moving average of $195.5. The company has a market cap of $11.730 billion and a P/E ratio of 28.78.
Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Tuesday, July 29th. The company reported $2.65 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $2.18 earnings per share. Affiliated Managers Group’s revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that Affiliated Managers Group will post $11.86 earnings per share for the current fiscal year.
In other Affiliated Managers Group news, CEO Sean M. Healey unloaded 144,247 shares of Affiliated Managers Group stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $200.85, for a total transaction of $28,972,009.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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