Here's Why Affiliated Managers Group (AMG) is a Strong Momentum Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Headquartered in Massachusetts, Affiliated Managers Group is a global asset manager with investments in high-quality, independent partner-owned firms or affiliates.
AMG boasts a Momentum Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Affiliated Managers Group has seen some interesting price action recently; the stock is down 0.9% over the past one week and up 4.3% over the past four weeks. And in the last one-year period, AMG has gained 27.9%. As for the stock's trading volume, 169,134 shares on average were traded over the last 20 days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.91 to $23.92 per share. AMG boasts an average earnings surprise of 3.2%.
Investors should take the time to consider AMG for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Affiliated Managers Group, Inc. (AMG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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