Acadian Asset Management (NYSE:AAMI - Get Free Report) had its price objective upped by stock analysts at Morgan Stanley from $27.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's target price points to a potential downside of 16.74% from the company's previous close.
Separately, Evercore ISI dropped their target price on shares of Acadian Asset Management from $25.00 to $23.00 and set an "in-line" rating for the company in a research note on Friday, April 11th.
Check Out Our Latest Stock Analysis on Acadian Asset Management
Acadian Asset Management Stock Up 0.9%
Acadian Asset Management stock traded up $0.33 during trading hours on Wednesday, hitting $36.03. 28,941 shares of the stock were exchanged, compared to its average volume of 235,524. The stock has a market capitalization of $1.29 billion, a PE ratio of 14.95 and a beta of 1.36. The stock has a 50-day moving average of $30.31. Acadian Asset Management has a 12 month low of $21.49 and a 12 month high of $36.27.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.54 earnings per share for the quarter, meeting analysts' consensus estimates of $0.54. Acadian Asset Management had a return on equity of 299.86% and a net margin of 17.41%. As a group, sell-side analysts expect that Acadian Asset Management will post 2.78 EPS for the current year.
About Acadian Asset Management
(
Get Free Report)
Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.
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