American Express Price Target Raised to $92.00 at Guggenheim (AXP)
Guggenheim boosted their price target on shares of American Express (NYSE:AXP) from $77.00 to $92.00 in a research note issued on Tuesday, Stock Ratings Network.com reports. Guggenheim’s price target would indicate a potential upside of 5.60% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG initiated coverage on shares of American Express in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of American Express in a research note to investors on Friday. They now have a $93.00 price target on the stock, up previously from $83.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Sunday, January 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $78.30.
American Express (NYSE:AXP) traded up 0.15% during mid-day trading on Tuesday, hitting $87.12. The stock had a trading volume of 4,778,234 shares. 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 $86.78 and its 200-day moving average is $79.26. The company has a market cap of $93.567 billion and a price-to-earnings ratio of 20.57.
American Express Company (NYSE:AXP) is a global service company.
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