American Express (NYSE:AXP) received a $119.00 target price from research analysts at Barclays in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage presently has an “equal weight” rating on the payment services company’s stock. Barclays’ target price points to a potential upside of 18.14% from the company’s current price.
Several other research firms have also commented on AXP. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets restated a “hold” rating and issued a $103.00 price objective on shares of American Express in a research report on Monday. Wells Fargo & Co restated an “outperform” rating and issued a $115.00 price objective (up previously from $105.00) on shares of American Express in a research report on Tuesday. Stephens set a $97.00 price objective on American Express and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Finally, Instinet assumed coverage on American Express in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $98.96.
American Express (AXP) traded down $0.49 during trading on Thursday, reaching $100.73. The company’s stock had a trading volume of 2,737,900 shares, compared to its average volume of 3,230,000. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express has a 1-year low of $75.39 and a 1-year high of $101.65. The stock has a market cap of $87,430.00, a price-to-earnings ratio of 19.45, a PEG ratio of 1.49 and a beta of 1.22.
In related news, insider Susan Sobbott sold 5,500 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anre D. Williams sold 30,761 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the transaction, the insider now directly owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of AXP. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in American Express by 30.4% in 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. Capital Analysts LLC acquired a new position in American Express in the 2nd quarter valued at $115,000. Zions Bancorporation raised its stake in American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock valued at $121,000 after purchasing an additional 1,205 shares during the last quarter. MV Capital Management Inc. increased its stake 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 during the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of American Express by 0.5% in the 2nd quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after acquiring an additional 8 shares during the last quarter. 83.35% of the stock is owned by hedge funds and other institutional investors.
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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).
