Ameriprise Financial PT Raised to $111.00 at Keefe, Bruyette & Woods (AMP)
Equities researchers at Keefe, Bruyette & Woods increased their price target on shares of Ameriprise Financial (NYSE:AMP) from $95.00 to $111.00 in a research report issued on Monday, Analyst Ratings Network reports. Keefe, Bruyette & Woods’ price target points to a potential upside of 11.49% from the company’s current price.
Shares of Ameriprise Financial (NYSE:AMP) traded up 0.03% during mid-day trading on Monday, hitting $99.56. 1,004,296 shares of the company’s stock traded hands. Ameriprise Financial has a 52-week low of $54.22 and a 52-week high of $91.22. The stock has a 50-day moving average of $88.78 and a 200-day moving average of $80.48. The company has a market cap of $19.698 billion and a P/E ratio of 17.44.
Several other analysts have also 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 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 five have assigned a buy rating to the company. Ameriprise Financial currently has an average rating of “Buy” and a consensus target price of $95.30.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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