Analyst Ratings for Artisan Partners Asset Management Inc. (APAM)Updated: 2017-07-28
Analysts covering Artisan Partners Asset Management Inc. (NYSE:APAM) have given it a consensus rating of Hold. A consensus rating of Hold was previously issued for APAM last month.
A buy rating was issued by 2 analysts, 0 issued an overweight rating, 5 issued a hold rating, 1 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for APAM by the analysts covering the stock. The most optimistic analyst gave a price target of 34, implying a possible profit of 3.82 percent. The most pessimistic analyst gave a price target of 26, which equates to a potential downside of -20.61 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 2.63 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 6.36 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.07 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 7.07 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 4 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
APAM has an estimated earnings growth rate of 49.49 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. APAM has a PEG ratio of 0.42.
APAM has traded between a high of 33.85 and a low of 24.48 over the past year. Currently the stock is 33.78 percent higher than its low, and 3.25 percent lower than its 52-week high. APAM has a price/earnings ratio of 20.66. Investors typically compare the P/E ratio to a company's peers in the industry. The APAM value stock report compares APAM to some of its peers using value stock charts. The market cap of APAM is $2.53 billion. APAM's next earnings release will be on 0000-00-00, which is days away.