Ameriprise Financial Inc [AMP] stock is trading at $439.55, down -0.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The AMP shares have gain 0.02% over the last week, with a monthly amount glided 11.12%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Evercore ISI downgraded its rating to In-line on January 04, 2024, and elevated its price target to $400. On January 03, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $452 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform but $325 remained the price target by the analyst firm on December 19, 2022. BofA Securities started tracking with a Buy rating for this stock on September 07, 2022, and assigned it a price target of $336. In a note dated June 24, 2022, Goldman downgraded an Neutral rating on this stock and revised its target price from $325 to $270.
Ameriprise Financial Inc [AMP] stock has fluctuated between $306.63 and $450.35 over the past year. Currently, Wall Street analysts expect the stock to reach $424.57 within the next 12 months. Ameriprise Financial Inc [NYSE: AMP] shares were valued at $439.55 at the most recent close of the market. An investor can expect a potential drop of -3.41% based on the average AMP price forecast.
Analyzing the AMP fundamentals
Ameriprise Financial Inc [NYSE:AMP] reported sales of 17.01B for the trailing twelve months, which represents a growth of 9.97%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.67 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 434.70 points at the first support level, and at 429.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 445.49, and for the 2nd resistance point, it is at 451.43.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.54, the price to book ratio is 8.67 and price to earnings (TTM) ratio is 15.06.
Transactions by insiders
Recent insider trading involved Davies William, EXECUTIVE VP, GLOBAL CIO, that happened on Aug 30 ’24 when 8700.0 shares were sold. Officer, William Davies completed a deal on Aug 30 ’24 to buy 8700.0 shares. Meanwhile, CEO, GLOBAL ASSET MANAGEMENT TRUSCOTT WILLIAM F sold 15584.0 shares on Aug 28 ’24.
