American Express Stock Rating Reaffirmed by Zacks (AXP)
American Express (NYSE:AXP)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Friday, ARN reports. They currently have a $92.00 price objective on the stock. Zacks‘ price target suggests a potential upside of 1.13% from the company’s current price.
AXP has been the subject of a number of other recent research reports. 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 investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average 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 14,990,142 shares. 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 $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 (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. On average, analysts predict that American Express will post $5.43 earnings per share for the current fiscal year.
American Express Company (NYSE:AXP) is a global service company.
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