American Express’s “Equal Weight” Rating Reaffirmed at Barclays (AXP)
American Express (NYSE:AXP)‘s stock had its “equal weight” rating reaffirmed by research analysts at Barclays in a report released on Friday, AnalystRatingsNetwork.com reports. They currently have a $93.00 price target on the stock, up from their previous price target of $83.00. Barclays’ price target points to a potential upside of 5.03% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Sunday, January 5th. 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. American Express has a consensus rating of “Hold” and an average price target of $77.45.
American Express (NYSE:AXP) traded down 0.37% during mid-day trading on Friday, hitting $88.55. 2,901,681 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’s 50-day moving average is $86.69 and its 200-day moving average is $79.09. The company has a market cap of $95.103 billion and a P/E ratio of 21.02. American Express also was the target of some unusual options trading on Tuesday. Stock traders acquired 40,874 call options on the stock. This is an increase of 774% compared to the average volume of 4,676 call options.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 16th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. 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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