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Analysts at Macquarie assumed coverage on shares of American Express Company (NYSE:AXP) in a research report issued to clients and investors on Wednesday, reports. The firm set an “underperform” rating on the stock.

A number of other firms have also recently commented on AXP. Analysts at Guggenheim upgraded shares of American Express Company from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $109.00 price target on the stock, up previously from $105.00. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $87.94.

Shares of American Express Company (NYSE:AXP) traded up 0.46% on Wednesday, hitting $94.74. The stock had a trading volume of 2,646,347 shares. American Express Company has a 1-year low of $71.47 and a 1-year high of $96.24. The stock has a 50-day moving average of $93.63 and a 200-day moving average of $89.96. The company has a market cap of $100.4 billion and a P/E ratio of 18.64. American Express Company also was the target of some unusual options trading activity on Tuesday. Stock traders bought 11,369 call options on the stock. This is an increase of 292% compared to the average daily volume of 2,899 call options.

American Express Company (NYSE:AXP) last announced its earnings results on Wednesday, April 16th. The company reported $1.33 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.15 earnings per share. American Express Company’s revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that American Express Company will post $5.46 earnings per share for the current fiscal year.

American Express Company (NYSE:AXP) is a global service company.

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