Ameriprise Financial: Buying Opportunity In A Dividend Growth Stock
- AMP's stock still has plenty of room to move up.
- Ameriprise has compelling valuation metrics and strong earnings growth prospects; its Enterprise Value/EBITDA ratio is very low at 7.71, and its PEG ratio is also very low at 0.84.
- Ameriprise is generating strong free cash flows and returns value to its shareholders by stock buybacks and increasing dividend payments.
- Ameriprise has been able to show earnings per share surprise in each one of the last four quarters.