American Express (AXP) Given a $97.00 Price Target by Stephens Analysts

American Express (NYSE:AXP) received a $97.00 price objective from research analysts at Stephens in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the payment services company’s stock. Stephens’ price target suggests a potential downside of 2.56% from the stock’s previous close.

AXP has been the topic of several other reports. Bank of America boosted their price target on shares of American Express from $102.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Barclays set a $93.00 price target on shares of American Express and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group restated an “in-line” rating and set a $93.00 price target (up from $85.00) on shares of American Express in a report on Thursday, October 19th. Buckingham Research assumed coverage on shares of American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $96.68.

American Express (NYSE:AXP) traded up $0.61 during trading hours on Tuesday, hitting $99.55. 2,976,441 shares of the stock traded hands, compared to its average volume of 2,861,500. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $86,410.00, a P/E ratio of 19.22, a PEG ratio of 1.49 and a beta of 1.22. American Express has a one year low of $74.82 and a one year high of $100.53.

American Express (NYSE:AXP) last posted its earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.47 by $0.03. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a net margin of 14.48% and a return on equity of 22.73%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. equities research analysts predict that American Express will post 5.86 earnings per share for the current year.

In related news, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the sale, the insider now directly owns 28,720 shares in the company, valued at approximately $2,682,735.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Douglas E. Buckminster sold 88,930 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $98.87, for a total transaction of $8,792,509.10. Following the sale, the insider now owns 152,507 shares in the company, valued at $15,078,367.09. The disclosure for this sale can be found here. Over the last quarter, insiders sold 430,080 shares of company stock worth $41,552,003. Corporate insiders own 0.67% of the company’s stock.

Several hedge funds have recently made changes to their positions in AXP. SeaBridge Investment Advisors LLC bought a new stake in American Express during the 1st quarter worth approximately $100,000. MCF Advisors LLC increased its holdings in American Express by 0.5% during the 1st quarter. MCF Advisors LLC now owns 1,282 shares of the payment services company’s stock worth $101,000 after acquiring an additional 6 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings 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 worth $109,000 after acquiring an additional 300 shares during the period. Zions Bancorporation increased its holdings in American Express by 912.9% during 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 during the period. Finally, Capital Analysts LLC bought a new stake in American Express during the 2nd quarter worth approximately $115,000. Institutional investors own 83.35% of the company’s stock.

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American Express Company Profile

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).

Analyst Recommendations for American Express (NYSE:AXP)

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