Barrington analyst Alexander Paris reiterated a Buy rating on Affiliated Managers Group (NYSE:AMG) on Tuesday, setting a price target of $120, which is approximately 11.97% above the present share price of $107.17.
Paris expects Affiliated Managers Group to post earnings per share (EPS) of $1.54 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Affiliated Managers, with an average price target of $92.8.
The analysts price targets range from a high of $120 to a low of $75.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $494.8 million and a net profit of $159.4 million. The company's market cap is $4.86 billion.
According to TipRanks.com, Barrington analyst Alexander Paris is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.4% and a 50.80% success rate.
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.