Acadian Asset Management (NYSE:AAMI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Acadian Asset Management (NYSE:AAMI - Free Report) had its price target boosted by Morgan Stanley from $25.00 to $27.00 in a report published on Tuesday, MarketBeat reports. They currently have an equal weight rating on the stock.

Several other analysts also recently commented on AAMI. Evercore ISI reduced their price objective on 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. Royal Bank of Canada restated a "sector perform" rating and set a $27.00 price target on shares of Acadian Asset Management in a research note on Monday, February 10th.

Acadian Asset Management Stock Down 0.7 %

Shares of AAMI traded down $0.20 during mid-day trading on Tuesday, reaching $29.30. 193,957 shares of the company's stock were exchanged, compared to its average volume of 228,102. The stock's fifty day simple moving average is $25.98. The stock has a market cap of $1.09 billion, a PE ratio of 13.08 and a beta of 1.36. Acadian Asset Management has a 52-week low of $21.45 and a 52-week high of $31.52.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%. As a group, equities analysts forecast that Acadian Asset Management will post 2.78 EPS for the current 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.