American Express Company Receives Average Recommendation of “Hold” from Brokerages (NYSE:AXP)
Shares of American Express Company (NYSE:AXP) have received a consensus recommendation of “Hold” from the twenty-two ratings firms that are currently covering the company, Analyst Ratings News reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $95.67.
In other American Express Company news, EVP James Peter Bush sold 86,812 shares of American Express Company stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $89.22, for a total transaction of $7,745,366.64. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on AXP. 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.
American Express Company (NYSE:AXP) opened at 90.11 on Wednesday. American Express Company has a 52 week low of $72.08 and a 52 week high of $96.24. The stock’s 50-day moving average is $89.58 and its 200-day moving average is $90.49. The company has a market cap of $94.796 billion and a P/E ratio of 17.16.
American Express Company (NYSE:AXP) last released its earnings data 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. On average, analysts predict that American Express Company will post $5.50 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 1.16%. 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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