Acadian Asset Management (AAMI) Receives a Hold from RBC Capital
In a report released yesterday, Kenneth Lee from RBC Capital maintained a Hold rating on Acadian Asset Management, with a price target of $54.00. The company’s shares closed yesterday at $48.52.
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According to TipRanks, Lee is a 5-star analyst with an average return of 11.2% and a 66.27% success rate. Lee covers the Financial sector, focusing on stocks such as Federated Hermes, Ameriprise Financial, and Artisan Partners.
The word on The Street in general, suggests a Hold analyst consensus rating for Acadian Asset Management with a $52.00 average price target, implying a 7.17% upside from current levels. In a report released on February 3, Morgan Stanley also maintained a Hold rating on the stock with a $50.00 price target.
Based on Acadian Asset Management’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $144.2 million and a net profit of $15.1 million. In comparison, last year the company earned a revenue of $123.1 million and had a net profit of $16.9 million
Read More on AAMI:
Disclaimer & DisclosureReport an Issue
- Acadian Asset Management Earnings Call Highlights Record Year
- Acadian Asset Management reports Q4 EPS $1.32 vs. $1.30 last year
- Acadian Asset Management price target raised to $50 from $49 at Morgan Stanley
- AAMI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Acadian Asset Management price target raised to $49 from $46 at Morgan Stanley
