American Express’ (AXP) Hold Rating Reiterated at Piper Jaffray Companies
American Express (NYSE:AXP)‘s stock had its “hold” rating restated by analysts at Piper Jaffray Companies in a research note issued on Thursday. They presently have a $126.00 price target on the payment services company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 26.18% from the company’s current price.
Several other analysts have also issued reports on the company. Sandler O’Neill reaffirmed a “buy” rating on shares of American Express in a research note on Wednesday. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, January 12th. Barclays set a $119.00 target price on American Express and gave the stock an “equal weight” rating in a research note on Thursday, January 11th. Zacks Investment Research raised American Express from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Thursday, January 11th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $115.00 target price (up previously from $105.00) on shares of American Express in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the stock. American Express presently has a consensus rating of “Hold” and an average target price of $100.08.
American Express (AXP) traded down $0.90 during mid-day trading on Thursday, hitting $99.86. 5,290,672 shares of the company traded hands, compared to its average volume of 3,150,000. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $86,680.00, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.43 and a beta of 1.22. American Express has a one year low of $75.39 and a one year high of $102.39.
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 stock was sold at an average price of $93.41, for a total transaction of $2,873,385.01. Following the completion of the transaction, the insider now owns 28,720 shares in the company, valued at $2,682,735.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James Peter Bush sold 12,789 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.45, for a total value of $1,271,866.05. Following the transaction, the insider now owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,869 shares of company stock valued at $42,823,869. 0.67% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of American Express by 30.4% during the second 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 acquiring an additional 300 shares in the last quarter. Capital Analysts LLC bought a new position in shares of American Express during the second quarter valued at approximately $115,000. Zions Bancorporation raised its holdings in American Express by 912.9% in the third quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after purchasing an additional 1,205 shares in the last quarter. MV Capital Management Inc. raised its holdings in American Express by 3.5% in the second quarter. MV Capital Management Inc. now owns 1,448 shares of the payment services company’s stock worth $122,000 after purchasing an additional 49 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in American Express by 0.5% in the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 83.36% 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).
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