Last Updated: 19 Sep 2024
Executive Summary
Ameriprise Financial Inc. (AMP) is a diversified financial services company with a strong market capitalization and financial performance. The company's latest stock price is $463.73, which is within its 52-week range. Analysts have a positive outlook on AMP, with a majority rating it as a "Buy" or "Strong Buy."
Company Overview
Ameriprise Financial provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning. The company operates through a network of financial advisors and has a strong presence in the United States.
Fundamental Analysis
AMP has solid financial fundamentals. The company's EBITDA is $4.27 billion, with a profit margin of 18.1%. Its return on assets and return on equity are 2.16% and 67.6%, respectively. The company's earnings per share (EPS) is $29.25, with a dividend per share of $5.53.
Technical Analysis
Technically, AMP is in a bullish trend. The stock price is above its 50-day and 200-day moving averages. The relative strength index (RSI) is in the bullish zone, indicating positive momentum.
Short Term Outlook
In the short term, AMP is likely to continue its bullish trend. The stock price is approaching its 52-week high, and analysts have a positive outlook on the company. However, investors should be aware of potential volatility in the market.
Long Term Outlook
In the long term, AMP is well-positioned for growth. The company has a strong brand, a loyal customer base, and a diversified product offering. The increasing demand for financial planning services is expected to drive growth for the company.
Analyst Recommendations
Analysts have a positive outlook on AMP. Four analysts rate the stock as a "Strong Buy" and four rate it as a "Buy." Five analysts rate the stock as a "Hold" and one rates it as a "Sell." The average analyst target price is $472.33, which represents a potential upside of 1.86%.
