American Express Company Given Underperform Rating at Macquarie (AXP)
American Express Company (NYSE:AXP)‘s stock had its “underperform” rating reiterated by Macquarie in a research note issued on Wednesday. They currently have a $91.00 target price on the stock, down from their previous target price of $92.00. Macquarie’s target price suggests a potential upside of 0.10% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of American Express Company in a research note on Wednesday. They now have a $96.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of American Express Company from $77.00 to $79.00 in a research note on Wednesday. They now have an “underperform” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of American Express Company from $98.00 to $100.00 in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $95.42.
American Express Company (NYSE:AXP) traded down 0.87% during mid-day trading on Wednesday, hitting $90.91. The stock had a trading volume of 5,069,343 shares. American Express Company has a one year low of $71.47 and a one year high of $96.24. The stock’s 50-day moving average is $94.34 and its 200-day moving average is $90.37. The company has a market cap of $96.365 billion and a price-to-earnings ratio of 18.12.
American Express Company (NYSE:AXP) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.38 by $0.05. The company had revenue of $8.66 billion for the quarter, compared to the consensus estimate of $8.66 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that American Express Company will post $5.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, November 10th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, October 1st.
American Express Company (NYSE:AXP) is a global service company.
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