Why Ameriprise Financial Services (AMP) is a Top Value Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Ameriprise Financial Services (AMP)
Headquartered in Minneapolis, MN, Ameriprise Financial, Inc. was founded in 1894 under the name Investors Syndicate. Notably, since 2005-end, Ameriprise has been operating independently of American Express Company. As of Jun 30, 2023, the company owned, managed and administered assets worth $1.28 trillion.
AMP sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Financial - Investment Management industry's P/E of 10.9X, shares of Ameriprise Financial Services are trading at a forward P/E of 10.9X. AMP also has a PEG Ratio of 0.6, a Price/Cash Flow ratio of 12.3X, and a Price/Sales ratio of 2.3X.
Many value investors pay close attention to a company's earnings as well. For AMP, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $29.94 per share for 2023. Per share AMP boasts an average earnings surprise of 5.9%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding AMP to their portfolios.
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Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report
