Acadian Asset Management (NYSE:AAMI) Given New $23.00 Price Target at Evercore ISI

Acadian Asset Management (NYSE:AAMI) had its price objective dropped by equities research 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 would indicate a potential downside of 9.73% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of Acadian Asset Management from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $25.00 to $26.00 in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 target price on shares of Acadian Asset Management in a report on Monday, February 10th.

Acadian Asset Management Stock Down 1.0 %

NYSE:AAMI traded down $0.27 during mid-day trading on Friday, reaching $25.48. The stock had a trading volume of 63,627 shares, compared to its average volume of 215,290. The stock has a market cap of $944.44 million, a P/E ratio of 11.38 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 business has a 50 day simple moving average of $25.08.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.30 earnings per share for the quarter, beating 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%. As a group, analysts predict that Acadian Asset Management will post 2.78 EPS for the current fiscal year.

About Acadian Asset Management

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.