A number of research firms have changed their ratings and price targets for American Express (NYSE: AXP):

  • 9/12/2017 – American Express was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The stock of American Express has outperformed the industry in last one year. The company is gaining from investments made in growth opportunities over the last couple of years. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are other positives. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 0.5% upward over the last 60 days. However, an increase in provision for losses, a strong U.S. dollar, loss of Costco as a client and intense competition remain major near-term concerns.”
  • 9/11/2017 – American Express was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $94.00 price target on the stock. According to Zacks, “The stock of American Express has outperformed the industry in last one year. The company is gaining from investments made in growth opportunities over the last couple of years. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are other positives. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 0.5% upward over the last 60 days.”
  • 9/8/2017 – American Express had its price target lowered by analysts at Morgan Stanley from $90.00 to $89.00. They now have an “equal weight” rating on the stock.
  • 8/30/2017 – American Express was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “The stock of American Express has outperformed the industry in last one year. The company is gaining from investments made in growth opportunities over the last couple of years. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are other positives.”
  • 8/29/2017 – American Express was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock. According to Zacks, “The stock of American Express has outperformed the industry in last one year. The company is gaining from investments made in growth opportunities over the last couple of years. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are other positives.”
  • 8/19/2017 – American Express was given a new $95.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “buy” rating on the stock.
  • 8/8/2017 – American Express was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2017 – American Express was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – American Express was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/22/2017 – American Express had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $94.00 price target on the stock, up previously from $87.00.
  • 7/22/2017 – American Express had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $95.00 price target on the stock, up previously from $90.00.
  • 7/22/2017 – American Express had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $85.00 price target on the stock.
  • 7/22/2017 – American Express had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $100.00 price target on the stock, up previously from $99.00.

Shares of American Express Company (AXP) opened at 89.00 on Wednesday. American Express Company has a 52 week low of $59.50 and a 52 week high of $89.23. The firm has a market cap of $78.67 billion, a price-to-earnings ratio of 18.25 and a beta of 1.18. The company has a 50-day moving average price of $85.80 and a 200 day moving average price of $81.62.

American Express (NYSE:AXP) last issued its quarterly earnings results on Wednesday, July 19th. The payment services company reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.03. The business had revenue of $8.31 billion for the quarter, compared to the consensus estimate of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.10 earnings per share. Analysts expect that American Express Company will post $5.74 EPS for the current fiscal year.

In related news, insider Susan Sobbott sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $84.39, for a total transaction of $506,340.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anre D. Williams sold 53,111 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $85.24, for a total value of $4,527,181.64. Following the sale, the insider now directly owns 79,614 shares in the company, valued at approximately $6,786,297.36. The disclosure for this sale can be found here. Insiders have sold 949,387 shares of company stock worth $80,451,099 in the last three months. 0.67% of the stock is currently owned by company insiders.

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

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