In a report released today, Alexander Paris from Barrington maintained a Buy rating on Affiliated Managers (AMG), with a price target of $135. The company’s shares closed yesterday at $112.94.
Paris commented:
“We project that Affiliated Managers Group will report the financial results of its first quarter ended March 31, on or about the market open. Since reporting Q4/18 results on the stock markets in the U.S. (S&P 500 up 4.7%), overseas (DJ in emerging markets (DJ 2.0%) were all up. As a rule of thumb, each 1% up or down adds or takes away $0.14 per share on a full-year basis.”
According to TipRanks.com, Paris is a 5-star analyst with an average return of 10.6% and a 56.5% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Affiliated Managers with a $125.67 average price target.
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Affiliated Managers’ market cap is currently $5.87B and has a P/E ratio of 25.77. The company has a Price to Book ratio of 1.70.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Last month, Tracy Palandjian, a Director at AMG sold 1,694 shares for a total of $187,424.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Affiliated Managers Group, Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. The firm provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations.
