American Express EPS Estimates Raised by Analysts at UBS AG (AXP)
Equities research analysts at UBS AG hoisted their earnings per share (EPS) estimates on shares of American Express (NYSE:AXP) in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “neutral” rating and a $95.00 price target on the company’s shares. UBS AG’s price objective points to a potential upside of 4.43% from the stock’s previous close.
American Express (NYSE:AXP) traded down 1.04% on Tuesday, hitting $90.02. The stock had a trading volume of 3,340,668 shares. American Express has a 52 week low of $58.70 and a 52 week high of $93.62. The stock has a 50-day moving average of $87.14 and a 200-day moving average of $79.58. The company has a market cap of $96.681 billion and a price-to-earnings ratio of 21.52.
American Express (NYSE:AXP) last announced its 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.
A number of other firms have also recently commented on AXP. Analysts at Zacks reiterated a “neutral” rating on shares of American Express in a research note to investors on Friday. They now have a $92.00 price target on the stock. Separately, 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. Finally, 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. Three 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 stock. The company presently has a consensus rating of “Hold” and an average target price of $81.81.
American Express Company (NYSE:AXP) is a global service company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.