Citigroup (NYSE:C) analyst Suneet Kamath maintained a Buy rating on Ameriprise Financial (NYSE:AMP) on Monday, setting a price target of $290, which is approximately 22.54% above the present share price of $236.66.
Kamath expects Ameriprise Financial to post earnings per share (EPS) of $3.65 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Ameriprise Financial, with an average price target of $280.
The analysts price targets range from a high of $295 to a low of $250.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $3.36 billion and a net profit of $0. The company's market cap is $27.43 billion.
According to TipRanks.com, Citigroup analyst Suneet Kamath is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.5% and a 61.54% success rate.
Founded in 1894, Minnesota-based Ameriprise Financial, Inc. provides various financial products and services to individual and institutional clients. The company operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.