UBS AG Increases Ameriprise Financial Price Target to $125.00 (AMP)
Research analysts at UBS AG increased their target price on shares of Ameriprise Financial (NYSE:AMP) from $110.00 to $125.00 in a report released on Monday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 9.75% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of Ameriprise Financial from $104.00 to $114.00 in a research note to investors on Friday, December 20th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ameriprise Financial in a research note to investors on Thursday, December 19th. They now have a $117.00 price target on the stock. Finally, analysts at Ameriprise Financial raised their price target on shares of Ameriprise Financial from $111.00 to $130.00 in a research note to investors on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $109.30.
Shares of Ameriprise Financial (NYSE:AMP) traded down 0.53% during mid-day trading on Monday, hitting $113.30. 1,093,569 shares of the company’s stock traded hands. Ameriprise Financial has a one year low of $63.59 and a one year high of $115.36. The stock’s 50-day moving average is $109.2 and its 200-day moving average is $95.05. The company has a market cap of $22.041 billion and a price-to-earnings ratio of 16.79.
Ameriprise Financial (NYSE:AMP) last announced its earnings results 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 $6.97 earnings per share for the current fiscal year.
In other Ameriprise Financial news, Insider David Kent Stewart unloaded 1,000 shares of Ameriprise Financial stock on the open market in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $115.12, for a total transaction of $115,120.00. Following the sale, the insider now directly owns 15,543 shares of the company’s stock, valued at approximately $1,789,310. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ameriprise Financial, Inc (NYSE:AMP) is a holding company primarily engaged in business through its subsidiaries.
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