American Express Rating Reiterated by TheStreet (AXP)
American Express (NYSE:AXP)‘s stock had its “buy” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Wednesday, Stock Ratings Network.com reports.
The analysts wrote, “American Express (AXP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.”
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.
A number of other analysts have also recently weighed in on AXP. Analysts at FBR Capital Markets raised their price target on shares of American Express from $82.00 to $92.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at UBS AG raised their EPS on shares of American Express in a research note to investors on Tuesday. They now have a “neutral” rating and a $95.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of American Express in a research note to investors on Friday, January 17th. They now have a $92.00 price target on the stock. 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.29.
American Express Company (NYSE:AXP) is a global service company.
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