Nomura Reiterates “Buy” Rating for American Express (AXP)
American Express (NYSE:AXP)‘s stock had its “buy” rating reiterated by equities research analysts at Nomura in a research note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a $105.00 price objective on the stock. Nomura’s target price suggests a potential upside of 19.62% from the stock’s previous close.
Shares of American Express (NYSE:AXP) traded up 3.82% on Friday, hitting $91.13. The stock had a trading volume of 12,701,596 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 $87.02 and its 200-day moving average is $79.47. The company has a market cap of $97.874 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 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.
A number of other firms have also recently commented on AXP. 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. Separately, 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. Finally, analysts at Jefferies Group raised their price target on shares of American Express from $78.00 to $88.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. American Express has a consensus rating of “Hold” and an average target price of $81.05.
American Express Company (NYSE:AXP) is a global service company.
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