American Express Company Price Target Raised to $100.00 at SunTrust (AXP)
Analysts at SunTrust hoisted their target price on shares of American Express Company (NYSE:AXP) from $98.00 to $100.00 in a research report issued to clients and investors on Wednesday. SunTrust’s target price points to a potential upside of 10.00% from the stock’s previous close.
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 5,069,546 shares. American Express Company has a one year low of $71.47 and a one year high of $96.24. The stock has a 50-day moving average of $94.24 and a 200-day moving average of $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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that American Express Company will post $5.47 EPS 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.
A number of other firms have also recently commented on AXP. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of American Express Company in a research note on Wednesday, July 16th. They now have a $95.00 price target on the stock, up previously from $82.00. Separately, analysts at Credit Suisse raised their price target on shares of American Express Company from $75.00 to $85.00 in a research note on Monday, July 14th. Finally, analysts at Burke & Quick initiated coverage on shares of American Express Company in a research note on Thursday, July 10th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. American Express Company presently has a consensus rating of “Hold” and a consensus target price of $95.42.
American Express Company (NYSE:AXP) is a global service company.
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