RBC Capital analyst Kenneth Lee maintained a Buy rating on Artisan Partners (NYSE:APAM) on Friday, setting a price target of $60, which is approximately 17.83% above the present share price of $50.92.
Lee expects Artisan Partners to post earnings per share (EPS) of $1.19 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Artisan Partners, with an average price target of $57.33.
The analysts price targets range from a high of $60 to a low of $55.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $290.7 million and a net profit of $121.8 million. The company's market cap is $4.03 billion.
According to TipRanks.com, RBC Capital analyst Kenneth Lee is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.4% and a 71.13% success rate.
Artisan Partners Asset Management, Inc. operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds. The company was founded in 1994 and is headquartered in Milwaukee, WI.