American Express Given New $88.00 Price Target at Jefferies Group (AXP)
Equities research analysts at Jefferies Group increased their price target on shares of American Express (NYSE:AXP) from $78.00 to $88.00 in a research note issued to investors on Friday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 3.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim raised their price target on shares of American Express from $77.00 to $92.00 in a research note to investors on Tuesday. Separately, 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. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of American Express in a research note to investors on Friday, January 10th. They now have a $93.00 price target on the stock, up previously from $83.00. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.15.
American Express (NYSE:AXP) traded up 3.63% during mid-day trading on Friday, hitting $90.97. The stock had a trading volume of 15,012,583 shares. American Express has a 1-year low of $58.70 and a 1-year high of $93.62. The stock’s 50-day moving average is $87.14 and its 200-day moving average is $79.58. The company has a market cap of $97.702 billion and a P/E ratio of 20.76.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, January 15th. The company reported $1.25 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.09 earnings per share. American Express’s revenue was up 5.0% compared to the same quarter last year. 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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