Deutsche Bank (DE:DBKGn) analyst Brian Bedell reiterated a Buy rating on Affiliated Managers Group (NYSE:AMG) on Wednesday, setting a price target of $229, which is approximately 46.41% above the present share price of $156.41.
Bedell expects Affiliated Managers Group to post earnings per share (EPS) of $2.62 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Affiliated Managers, with an average price target of $205.25.
The analysts price targets range from a high of $246 to a low of $156.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $586.3 million and a net profit of $223.2 million. The company's market cap is $6.45 billion.
According to TipRanks.com, Deutsche Bank analyst Brian Bedell is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.8% and a 59.88% 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.