Ameriprise Financial Receives Average Rating of “Buy” from Analysts (NYSE:AMP)
Ameriprise Financial (NYSE:AMP) has been given a consensus rating of “Buy” by the ten brokerages that are covering the stock, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $103.50.
A number of research firms have recently commented on AMP. 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.
Ameriprise Financial (NYSE:AMP) traded up 0.83% during mid-day trading on Friday, hitting $118.78. The stock had a trading volume of 342,252 shares. Ameriprise Financial has a 52 week low of $76.77 and a 52 week high of $118.65. The stock’s 50-day moving average is $113.1 and its 200-day moving average is $110.1. The company has a market cap of $22.554 billion and a P/E ratio of 17.15.
Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Monday, April 28th. The company reported $2.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.59 earnings per share. Ameriprise Financial’s revenue was up 11.3% compared to the same quarter last year. 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.
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