Share on StockTwits

Ameriprise Financial (NYSE:AMP)’s share price hit a new 52-week high on Friday , StockRatingsNetwork reports. The stock traded as high as $119.37 and last traded at $119.09, with a volume of 562,281 shares trading hands. The stock had previously closed at $117.80.

A number of analysts have recently weighed in on AMP shares. Analysts at Zacks reiterated a “neutral” rating on shares of Ameriprise Financial in a research note on Thursday. They now have a $124.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Ameriprise Financial from $115.00 to $117.00 in a research note on Tuesday, April 29th. Finally, analysts at Morgan Stanley cut their price target on shares of Ameriprise Financial from $130.00 to $5.00 in a research note on Tuesday, April 29th. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ameriprise Financial presently has an average rating of “Buy” and a consensus price target of $103.50.

The stock has a 50-day moving average of $113.1 and a 200-day moving average of $110.1. The company has a market cap of $22.622 billion and a P/E ratio of 17.15.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Monday, April 28th. The company reported $2.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $2.01. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $678.13 million. During the same quarter in the prior year, the company posted $1.59 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Ameriprise Financial will post $8.18 earnings per share for the current fiscal year.

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.