American Express Target of Unusually High Options Trading (AXP)
Shares of American Express (NYSE:AXP) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 40,874 call options on the stock, AnalystRatingsNetwork reports. This is an increase of approximately 774% compared to the average volume of 4,676 call options.
A number of analysts have recently weighed in on AXP shares. Analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Sunday. Finally, analysts at Susquehanna raised their price target on shares of American Express from $80.00 to $90.00 in a research note to investors on Friday, December 27th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. American Express has an average rating of “Hold” and an average price target of $76.90.
American Express (NYSE:AXP) traded down 0.38% during mid-day trading on Tuesday, hitting $89.36. 4,039,504 shares of the company’s stock traded hands. American Express has a 52 week low of $58.70 and a 52 week high of $91.08. The stock has a 50-day moving average of $85.93 and a 200-day moving average of $78.71. The company has a market cap of $95.973 billion and a P/E ratio of 21.22.
American Express (NYSE:AXP) last released its earnings data 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 $4.92 EPS for the current fiscal year.
American Express Company (NYSE:AXP) is a global service company.
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