Equities research analysts at Sterne Agee lowered their price target on shares of Ameriprise Financial (NYSE: AMP) to $54.00 in a research note issued to investors on Thursday.
Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Ameriprise Financial in a research note to investors on Friday, January 27th. They now have a $57.00 price target on the stock. Analysts at RBC Capital (NYSE: RY) upgraded shares of Ameriprise Financial from an “outperform” rating to an “outperform” rating in a research note to investors on Tuesday, January 3rd. They now have a $64.00 price target on the stock. Also, analysts at Credit Agricole upgraded shares of Ameriprise Financial from an “underperform” rating to an “outperform” rating in a research note to investors on Monday, November 21st.
Ameriprise Financial, Inc. (Ameriprise Financial) is a holding company. The Company provides financial planning, products and services that are designed to be utilized as solutions for its clients’ cash and liquidity, asset accumulation, income, protection, and estate and wealth transfer needs. The Company uses two principal brands for its businesses in the United States: Ameriprise Financial and RiverSource. It uses Ameriprise Financial as its holding company brand, as well as the name of its branded advisor network and certain of its retail products and services. The Company uses RiverSource brand for its United States asset management, annuity, and the majority of its protection products. The Company operates in five business segments: Advice & Wealth Management; Asset Management; Annuities; Protection and Corporate & Other.
Ameriprise Financial traded down 6.22% on Thursday, hitting $51.37. Ameriprise Financial has a 1-year low of $36.00 and a 1-year high of $65.12. The stock has a 50-day moving average of $51.21 and a 200-day moving average of $46.30. The company has a market cap of $11.623 billion and a price-to-earnings ratio of 12.53.
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