Morningstar Issues A- Credit Rating to American Express Company (AXP)
American Express Company (NYSE:AXP) has been given an “A-” credit rating by analysts at Morningstar. The agency’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a three star rating.
AXP has been the subject of a number of other recent research reports. Analysts at Macquarie upgraded shares of American Express Company from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 19th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. American Express Company currently has an average rating of “Hold” and a consensus price target of $95.67.
American Express Company (NYSE:AXP) opened at 89.55 on Tuesday. American Express Company has a 52 week low of $72.08 and a 52 week high of $96.24. The stock has a 50-day moving average of $89.85 and a 200-day moving average of $90.45. The company has a market cap of $94.207 billion and a price-to-earnings ratio of 17.03.
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 last year, the company posted $1.27 earnings per share. American Express Company’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that American Express Company will post $5.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 10th. Investors of record on Friday, October 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, October 1st.
American Express Company (NYSE:AXP) is a global service company.
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