American Express Company Sets New 1-Year High at $96.24 (AXP)
American Express Company (NYSE:AXP)’s share price reached a new 52-week high during trading on Tuesday , Analyst Ratings Net reports. The company traded as high as $96.24 and last traded at $95.55, with a volume of 1,319,241 shares traded. The stock had previously closed at $94.87.
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, June 18th. 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, June 16th. They set a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $86.88.
The stock has a 50-day moving average of $92.28 and a 200-day moving average of $89.48. The company has a market cap of $101.1 billion and a P/E ratio of 18.75.
American Express Company (NYSE:AXP) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that American Express Company will post $5.46 EPS for the current fiscal year.
American Express Company (NYSE:AXP) is a global service company.
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