Ameriprise Financial Inc. Reaches New 12-Month High at $94.73 (AMP)
Ameriprise Financial (NYSE:AMP)’s share price reached a new 52-week high during trading on Friday, AnalystRatings.Net reports. The stock traded as high as $94.73 and last traded at $93.97, with a volume of 730,322 shares traded. The stock had previously closed at $93.35.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Ameriprise Financial in a research note to investors on Thursday, September 19th. They now have a $98.00 price target on the stock. Separately, analysts at Barclays Capital downgraded shares of Ameriprise Financial from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, September 4th. They now have a $96.00 price target on the stock, down previously from $102.00. Finally, analysts at Citigroup Inc. downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 5th. They now have a $97.00 price target on the stock. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $93.70.
Ameriprise Financial has a 52-week low of $55.66 and a 52-week high of $94.45. The stock’s 50-day moving average is $90.2 and its 200-day moving average is $83.25. The company has a market cap of $18.657 billion and a P/E ratio of 16.36.
Ameriprise Financial (NYSE:AMP) last released its earnings data on Wednesday, July 24th. The company reported $1.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.07. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that Ameriprise Financial will post $6.69 earnings per share for the current fiscal year.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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