American Express Company Hits New 12-Month High at $96.04 (AXP)
American Express Company (NYSE:AXP)’s share price reached a new 52-week high during mid-day trading on Friday , ARN reports. The stock traded as high as $96.04 and last traded at $95.75, with a volume of 3,186,493 shares traded. The stock had previously closed at $95.07.
AXP has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of American Express Company in a research note on Wednesday. They now have a $99.00 price target on the stock. Separately, analysts at Pacific Crest initiated coverage on shares of American Express Company in a research note on Monday. They set a “sector perform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. American Express Company presently has an average rating of “Hold” and a consensus target price of $86.88.
The stock’s 50-day moving average is $90.8 and its 200-day moving average is $88.94. The company has a market cap of $101.3 billion and a P/E ratio of 18.79.
American Express Company (NYSE:AXP) last released its 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 declared a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Friday, July 11th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, July 9th. This is an increase from American Express Company’s previous quarterly dividend of $0.23.
American Express Company (NYSE:AXP) is a global service company.
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