American Express Company Rating Increased to Neutral at Macquarie (AXP)
American Express Company (NYSE:AXP) was upgraded by investment analysts at Macquarie from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
In other American Express Company news, Insider Edward P. Gilligan sold 357,142 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $86.24, for a total value of $30,799,926.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of American Express Company (NYSE:AXP) opened at 87.16 on Tuesday. 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 $91.25 and a 200-day moving average of $90.25. The company has a market cap of $91.692 billion and a P/E ratio of 16.56.
American Express Company (NYSE:AXP) last announced its earnings results 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. Analysts expect that American Express Company will post $5.50 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 1.19%. The ex-dividend date of this dividend is Wednesday, October 1st.
A number of other analysts have also recently weighed in on AXP. Analysts at Zacks reiterated a “neutral” rating on shares of American Express Company in a research note on Wednesday, July 30th. 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, July 30th. 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, July 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $95.67.
American Express Company (NYSE:AXP) is a global service company.
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