|Bid||95.38 x 1300|
|Ask||95.36 x 800|
|Day's Range||92.57 - 95.52|
|52 Week Range||44.37 - 95.52|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||41.81|
|Earnings Date||Feb 01, 2021 - Feb 05, 2021|
|Forward Dividend & Yield||0.04 (0.04%)|
|Ex-Dividend Date||Nov 04, 2020|
|1y Target Est||86.63|
Affiliated Managers (AMG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The latest minority stake purchase in Jackson Square is part of Affiliated Managers' (AMG) strategic growth initiatives.
Right now, Affiliated Managers Group Inc. (NYSE: AMG) share price is at $84.70, after a 1.19% drop. Over the past month, the stock went up by 6.68%, but over the past year, it actually decreased by 2.14%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. The stock is currently above from its 52 week low by 90.89%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Capital Markets stocks, and capitalize on the lower share price observed over the year. The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. View more earnings on AMGDepending on the particular phase of a business cycle, some industries will perform better than others. Compared to the aggregate P/E ratio of 30.79 in the Capital Markets industry, Affiliated Managers Group Inc. has a higher P/E ratio of 37.74. Shareholders might be inclined to think that Affiliated Managers Group Inc. might perform better than its industry group. It's also possible that the stock is overvalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Wednesday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.