In a report released yesterday, Ryan Krueger from KBW reiterated a Buy rating on Ameriprise Financial (AMP), with a price target of $150. The company’s shares closed yesterday at $108.66, close to its 52-week low of $107.87.
According to TipRanks.com, Krueger is a 4-star analyst with an average return of 7.8% and a 53.6% success rate. Krueger covers the Financial sector, focusing on stocks such as American Equity Investment Life, Lincoln National Corp, and Principal Financial.
Currently, the analyst consensus on Ameriprise Financial is a Moderate Buy with an average price target of $163.80.
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Based on Ameriprise Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.34 billion and net profit of $503 million. In comparison, last year the company earned revenue of $3.02 billion and had a net profit of $503 million.
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Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through five segments: Advice & Wealth Management; Asset Management; Annuities; Protection; and Corporate & Other.
