American Express Co. Hits New 52-Week High at $93.62 (AXP)
Shares of American Express (NYSE:AXP) hit a new 52-week high during trading hours on Friday, Analyst Ratings Net reports. The company traded as high as $93.62 and last traded at $91.72, with a volume of 11,253,785 shares trading hands. The stock had previously closed at $87.78.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of American Express in a research note to investors on Friday. They now have a $105.00 price target on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of American Express from $82.00 to $90.00 in a research note to investors on Friday. Finally, analysts at Susquehanna upgraded shares of American Express from a “neutral” rating to a “positive” rating in a research note to investors on Friday. They now have a $107.00 price target on the stock, up previously from $90.00. Three analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the company. American Express has an average rating of “Hold” and a consensus price target of $81.05.
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 $87.02 and a 200-day moving average of $79.47. The company has a market cap of $98.776 billion and a price-to-earnings ratio of 20.76.
American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $1.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.25. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.55 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 5.0% on a year-over-year basis. Analysts expect that American Express will post $5.43 EPS for the current fiscal year.
American Express Company (NYSE:AXP) is a global service company.
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