Acadian Asset Management (NYSE:AAMI) Given New $30.00 Price Target at Morgan Stanley

Acadian Asset Management (NYSE:AAMI - Get Free Report) had its price objective increased by equities research analysts at Morgan Stanley from $27.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a potential downside of 20.17% from the company's current price.

Separately, Evercore ISI dropped their price objective 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.

Acadian Asset Management Trading Up 2.3%

Acadian Asset Management stock traded up $0.83 during midday trading on Wednesday, reaching $37.58. 126,392 shares of the stock traded hands, compared to its average volume of 237,303. The company has a market cap of $1.34 billion, a PE ratio of 15.59 and a beta of 1.36. The business's fifty day moving average price is $30.94. Acadian Asset Management has a 12 month low of $21.49 and a 12 month high of $37.58.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.54 EPS 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, research analysts predict that Acadian Asset Management will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Company Profile

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.