Sandler O’Neill Increases Ameriprise Financial Price Target to $104.00 (AMP)
Research analysts at Sandler O’Neill increased their target price on shares of Ameriprise Financial (NYSE:AMP) from $91.00 to $104.00 in a report released on Friday, AnalystRatings.Net reports. Sandler O’Neill’s price target suggests a potential upside of 2.91% from the company’s current price.
Ameriprise Financial (NYSE:AMP) opened at 101.06 on Friday. Ameriprise Financial has a 52 week low of $57.20 and a 52 week high of $102.26. The stock’s 50-day moving average is $94.79 and its 200-day moving average is $86.04. The company has a market cap of $19.995 billion and a P/E ratio of 17.62.
Ameriprise Financial (NYSE:AMP) last released its earnings data on Wednesday, October 30th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts predict that Ameriprise Financial will post $6.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 22nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, November 7th.
A number of other analysts have also recently weighed in on AMP. Analysts at Credit Suisse raised their price target on shares of Ameriprise Financial from $88.00 to $100.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Ameriprise Financial from $101.00 to $110.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $101.20.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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