Evercore ISI Issues Pessimistic Forecast for Acadian Asset Management (NYSE:AAMI) Stock Price

Acadian Asset Management (NYSE:AAMI) had its target price decreased by analysts at Evercore ISI from $25.00 to $23.00 in a report released on Friday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential downside of 11.94% from the company’s current price.

A number of other research firms have also recently issued reports on AAMI. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 price objective on shares of Acadian Asset Management in a research report on Monday, February 10th. Morgan Stanley upgraded Acadian Asset Management from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $25.00 to $26.00 in a report on Monday, April 7th.

Acadian Asset Management Trading Up 1.4 %

Shares of NYSE AAMI opened at $26.12 on Friday. The stock has a market cap of $968.16 million, a PE ratio of 11.66 and a beta of 1.35. The firm’s 50-day moving average price is $25.13. Acadian Asset Management has a 1-year low of $21.45 and a 1-year high of $31.52.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, February 6th. The company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.27. Acadian Asset Management had a net margin of 16.81% and a return on equity of 1,000.27%. As a group, sell-side analysts anticipate that Acadian Asset Management will post 2.78 earnings per share 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.