American Express’s Neutral Rating Reaffirmed at Zacks (AXP)
American Express (NYSE:AXP)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Thursday, Analyst Ratings News reports. They currently have a $80.00 price target on the stock. Zacks‘ target price would indicate a potential downside of 0.65% from the company’s current price.
In other American Express news, Insider L Kevin Cox sold 66,737 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $79.99, for a total value of $5,338,292.63. The sale was disclosed in a filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill raised their price target on shares of American Express from $78.00 to $80.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of American Express from $61.00 to $65.00 in a research note to investors on Thursday. They now have an “underperform” rating on the stock. Finally, analysts at Argus raised their price target on shares of American Express from $85.00 to $90.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. American Express has a consensus rating of “Hold” and a consensus target price of $75.36.
American Express (NYSE:AXP) traded up 0.36% on Thursday, hitting $80.52. The stock had a trading volume of 7,598,375 shares. American Express has a 1-year low of $53.02 and a 1-year high of $80.40. The stock has a 50-day moving average of $74.95 and a 200-day moving average of $73.34. The company has a market cap of $87.767 billion and a P/E ratio of 19.69.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 16th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.03. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.22 billion. During the same quarter last year, the company posted $1.09 earnings per share. American Express’s revenue was up 5.6% compared to the same quarter last year. Analysts expect that American Express will post $4.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 4th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, October 2nd.
American Express Company (NYSE:AXP) is a global service company.
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