Acadian Asset Management (NYSE:AAMI) Stock Rating Upgraded by Morgan Stanley

Acadian Asset Management (NYSE:AAMI) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Monday,Finviz reports. The brokerage presently has a $26.00 target price on the stock. Morgan Stanley’s price objective would indicate a potential upside of 13.79% from the company’s current price.

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of Acadian Asset Management in a report on Monday, February 10th.

Acadian Asset Management Trading Down 5.8 %

Acadian Asset Management stock opened at $22.85 on Monday. The firm has a market capitalization of $846.96 million, a P/E ratio of 10.20 and a beta of 1.35. Acadian Asset Management has a 12 month low of $21.45 and a 12 month high of $31.52. The stock has a fifty day simple moving average of $25.14.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly 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, research analysts predict that Acadian Asset Management will post 2.78 EPS for the current 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.