Acadian Asset Management’s (AAMI) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Acadian Asset Management (NYSE:AAMI)‘s stock had its “sector perform” rating reissued by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $27.00 target price on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.96% from the company’s previous close.

Acadian Asset Management Trading Down 0.8 %

NYSE AAMI traded down $0.21 during trading hours on Monday, reaching $25.01. The company’s stock had a trading volume of 67,560 shares, compared to its average volume of 160,821. Acadian Asset Management has a 1-year low of $20.28 and a 1-year high of $31.52. The stock has a market capitalization of $933.37 million, a price-to-earnings ratio of 11.17 and a beta of 1.46.

Acadian Asset Management (NYSE:AAMI) last posted 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 net margin of 16.81% and a return on equity of 1,000.27%. Equities analysts predict that Acadian Asset Management will post 2.62 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.