UBS AG Increases Ameriprise Financial Price Target to $110.00 (AMP)
UBS AG boosted their target price on shares of Ameriprise Financial (NYSE:AMP) from $101.00 to $110.00 in a research note issued on Wednesday, AR Network reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would suggest a potential upside of 10.68% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “hold” rating on shares of Ameriprise Financial in a research note to investors on Wednesday. They now have a $98.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Ameriprise Financial from $89.00 to $103.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $95.00 to $111.00 in a research note to investors on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $97.60.
Ameriprise Financial (NYSE:AMP) traded up 2.43% during mid-day trading on Wednesday, hitting $101.81. 472,321 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’s 50-day moving average is $88.78 and its 200-day moving average is $80.48. The company has a market cap of $20.143 billion and a price-to-earnings ratio of 17.42.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.70 by $0.21. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts expect that Ameriprise Financial will post $6.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Investors of record on Tuesday, November 12th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.09%.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.