American Express (NYSE:AXP) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other research analysts have also recently issued research reports about the company. Bank of America lifted their target price on American Express from $102.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods set a $95.00 target price on American Express and gave the company a “buy” rating in a research report on Saturday, August 19th. Jefferies Group reaffirmed an “in-line” rating and set a $93.00 target price (up previously from $85.00) on shares of American Express in a research report on Thursday, October 19th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company started coverage on American Express in a report on Tuesday, October 10th. They set an “outperform” rating and a $105.00 price target on the stock. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $91.56.

Shares of American Express (NYSE:AXP) traded up $0.15 during trading on Friday, reaching $97.86. The company’s stock had a trading volume of 3,442,381 shares, compared to its average volume of 2,794,731. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express has a 12-month low of $71.43 and a 12-month high of $98.49. The firm has a market capitalization of $84,942.09, a PE ratio of 18.75, a PEG ratio of 1.63 and a beta of 1.22.

American Express (NYSE:AXP) last announced its quarterly earnings data on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter last year, the firm posted $1.24 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. analysts expect that American Express will post 5.86 earnings per share for the current fiscal year.

In other news, insider Susan Sobbott sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $84.39, for a total value of $506,340.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Peter Bush sold 10,230 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.55, for a total value of $926,326.50. The disclosure for this sale can be found here. Insiders sold a total of 203,651 shares of company stock valued at $19,162,465 over the last quarter. Company insiders own 0.67% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its position in American Express by 0.3% during the 2nd quarter. MCF Advisors LLC now owns 1,286 shares of the payment services company’s stock valued at $108,000 after purchasing an additional 4 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in American Express by 30.4% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,288 shares of the payment services company’s stock valued at $109,000 after purchasing an additional 300 shares during the last quarter. Zions Bancorporation raised its position in shares of American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after acquiring an additional 1,205 shares in the last quarter. Capital Analysts LLC bought a new position in shares of American Express in the 2nd quarter worth approximately $115,000. Finally, MV Capital Management Inc. raised its position in shares of American Express by 3.5% in the 2nd quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after acquiring an additional 49 shares in the last quarter. 83.35% of the stock is owned by institutional investors.

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About American Express

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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Analyst Recommendations for American Express (NYSE:AXP)

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