Ameriprise Financial Hits New 52-Week High at $120.32 (AMP)
Ameriprise Financial (NYSE:AMP)’s share price hit a new 52-week high during trading on Monday , AnalystRatings.NET reports. The company traded as high as $120.32 and last traded at $119.85, with a volume of 417,835 shares trading hands. The stock had previously closed at $119.81.
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, June 19th. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $103.50.
The stock has a 50-day moving average of $114.4 and a 200-day moving average of $110.6. The company has a market cap of $22.785 billion and a P/E ratio of 17.44.
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. Analysts expect that Ameriprise Financial will post $8.18 EPS 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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