Acadian Asset Management (NYSE:AAMI) Price Target Lowered to $23.00 at Evercore ISI

Acadian Asset Management (NYSE:AAMI - Get Free Report) had its price target lowered by Evercore ISI from $25.00 to $23.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "in-line" rating on the stock. Evercore ISI's target price would indicate a potential downside of 13.17% from the company's current price.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada restated a "sector perform" rating and set a $27.00 price objective on shares of Acadian Asset Management in a research report on Monday, February 10th. Morgan Stanley raised Acadian Asset Management from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $25.00 to $26.00 in a report on Monday, April 7th.

Acadian Asset Management Trading Down 0.2 %

AAMI stock traded down $0.04 during trading on Friday, reaching $26.49. 92,203 shares of the company's stock were exchanged, compared to its average volume of 216,932. The stock has a market capitalization of $981.88 million, a price-to-earnings ratio of 11.83 and a beta of 1.35. Acadian Asset Management has a 1-year low of $21.45 and a 1-year high of $31.52. The company has a fifty day simple moving average of $25.21.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.30 EPS for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that Acadian Asset Management will post 2.78 earnings per share 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.