In a report released today, Alexander Paris from Barrington reiterated a Buy rating on Affiliated Managers (AMG – Research Report), with a price target of $155.00. The company’s shares closed yesterday at $167.24.
Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, Carriage Services, and Adtalem Global Education. According to TipRanks, Paris has an average return of 17.6% and a 57.52% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Affiliated Managers with a $175.90 average price target.
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AMG market cap is currently $6.3B and has a P/E ratio of 12.81.
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Affiliated Managers Group, Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. The firm provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.
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