In a research note published on January 31st, the Royal Bank of Canada upgraded Artisan Partners Asset Management to an “outperform” rating and increased their price objective to $35.00.īoth of these moves were made in response to recent market developments. In addition, they increased the price target they had set for the stock from $29.50 to $30. In addition, they raised their price target on Artisan Partners Asset Management. In a research note released on Thursday, February 2nd, Credit Suisse Group rated the stock as “neutral” and raised their price target on Artisan Partners Asset Management from $29.50 to $30.00. Keefe, Bruyette & Woods increased their price objective on Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “market perform” rating in a research note published on Thursday, February 2nd. The company has been the focus of attention based on the opinions of many fresh analysts recently joining the industry. The company’s 50-day moving average is currently at $34.39, and its 200-day moving average is currently at $32.21, respectively. This value is the same for all three ratios. The quick, current, and debt-to-equity ratios all have the same value of 0.55. In the past fifty-two weeks, Artisan Partners Asset Management’s share price has ranged between a historic low of $25.67 and a historic high of $40.68. The company’s market capitalization is estimated to be worth $2.36 billion, while its P.E. NYSE: APAM started trading for the first time on Thursday at $29.67 per share. The projections that have been made by analysts who focus on equity research indicate that Artisan Partners Asset Management will earn $2.57 per share in 2018. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $1.29. The company’s revenue for its most recent quarter fell by 28.3% when measured against the results for the same quarter in the previous year. For Artisan Partners Asset Management, the company’s net margin came in at 20.82%, and the return on equity for the company was 96.97%. The revenue for the quarter came in at $226 million, which was substantially higher than the estimate provided by the consensus, which was $222.60 million. The asset management company reported a quarterly profit of $0.65 per share, $0.03 more than the average analyst projection of $0.62 per share for the company’s earnings. On February 1st, the most recent quarterly earnings report for Artisan Partners Asset Management was made public.Īrtisan Partners Asset Management’s stock is traded on the New York Stock Exchange under the ticker symbol APAM. The brokerage firm gave the asset manager’s stock a “hold” recommendation, which means to maintain current ownership. The equity analysts working for began watching Artisan Partners Asset Management in a report made available on Thursday (NYSE: APAM).
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