Royal Bank of Canada Reaffirms "Sector Perform" Rating for Acadian Asset Management (NYSE:AAMI)

Acadian Asset Management (NYSE:AAMI - Get Free Report)'s stock had its "sector perform" rating restated by equities researchers at Royal Bank of Canada in a note issued to investors on Monday,Benzinga reports. They currently have a $27.00 target price on the stock. Royal Bank of Canada's price objective indicates a potential upside of 5.55% from the stock's current price.

Acadian Asset Management Stock Performance

Acadian Asset Management stock traded up $0.38 during mid-day trading on Monday, hitting $25.58. The stock had a trading volume of 62,359 shares, compared to its average volume of 166,131. Acadian Asset Management has a one year low of $20.28 and a one year high of $31.52. The company has a market capitalization of $954.65 million, a P/E ratio of 11.42 and a beta of 1.46.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.27. Acadian Asset Management had a return on equity of 1,000.27% and a net margin of 16.81%. Analysts forecast that Acadian Asset Management will post 2.62 EPS 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.