Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $27.57 on Artisan Partners Asset Management Inc. (NYSE:APAM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.14 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Artisan Partners Asset Management Inc. (NYSE:APAM) stands at 16.34.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Artisan Partners Asset Manageme, the PEG ratio for coming 3-5 years is 2.53.
The technical analysis highlights that Artisan Partners Asset Manageme current is trading $-0.84 points away or -3.04% from its 50-day moving average of $27.76. Further it is trading $-2.72 or -9.18% away its 200-day moving average of $29.64.
The 52-week high of Artisan Partners Asset Management Inc. (NYSE:APAM) was $44.48 while lowest point recorded in 52-week was $23.65. It implies if stock price makes a movement of over $-17.56, it will record a new 52-week high. In the case of +13.83% drop, it will touch a new 52-week low.
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