Share on StockTwits

American Express Company (NYSE:AXP) shares reached a new 52-week high on Friday , Analyst Ratings News reports. The stock traded as high as $94.60 and last traded at $94.49, with a volume of 1,937,970 shares. The stock had previously closed at $92.80.

A number of research firms have recently commented on AXP. Analysts at Zacks reiterated a “neutral” rating on shares of American Express Company in a research note on Thursday, April 17th. They now have a $92.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of American Express Company in a research note on Thursday, April 17th. They now have a $102.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of American Express Company from $90.00 to $92.00 in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.47.

The stock’s 50-day moving average is $88.59 and its 200-day moving average is $88.17. The company has a market cap of $100.4 billion and a P/E ratio of 18.34. American Express Company also was the target of some unusual options trading activity on Thursday. Stock traders acquired 11,615 put options on the company. This is an increase of 387% compared to the average daily volume of 2,383 put options.

American Express Company (NYSE:AXP) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.29 by $0.04. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $8.36 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts predict that American Express Company will post $5.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Friday, July 11th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, July 9th. This is an increase from American Express Company’s previous quarterly dividend of $0.23.

In other American Express Company news, EVP John D. Hayes sold 39,265 shares of American Express Company stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $91.16, for a total value of $3,579,397.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.