American Express (NYSE:AXP) had its target price hoisted by investment analysts at Barclays from $112.00 to $119.00 in a research note issued on Friday. Barclays’ target price would suggest a potential upside of 21.39% from the company’s current price.
A number of other research firms also recently issued reports on AXP. Stephens set a $97.00 price objective on shares of American Express and gave the company a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Friday, January 12th. Credit Suisse Group reiterated an “underperform” rating and issued a $84.00 price objective (up from $79.00) on shares of American Express in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a report on Thursday, January 11th. Finally, Oppenheimer set a $99.00 target price on shares of American Express and gave the company a “buy” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $100.80.
American Express (NYSE:AXP) traded down $1.83 during midday trading on Friday, hitting $98.03. 12,292,242 shares of the stock were exchanged, compared to its average volume of 3,876,592. 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 $75.39 and a 12 month high of $102.39. The firm has a market capitalization of $85,090.00, a P/E ratio of 18.92, a PEG ratio of 1.44 and a beta of 1.22.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a net margin of 14.48% and a return on equity of 22.73%. The company had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. sell-side analysts predict that American Express will post 5.85 earnings per share for the current fiscal year.
In other American Express news, insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction 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 completion of the transaction, the insider now directly owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total transaction of $1,271,866.05. Following the transaction, the insider now directly owns 92,504 shares of the company’s stock, valued at $9,199,522.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 442,869 shares of company stock valued at $42,823,869. Company insiders own 0.67% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AXP. SeaBridge Investment Advisors LLC acquired a new position in American Express in the first quarter valued at about $100,000. MCF Advisors LLC raised its stake in American Express by 0.5% in the first quarter. MCF Advisors LLC now owns 1,282 shares of the payment services company’s stock valued at $101,000 after purchasing an additional 6 shares in the last quarter. Capital Analysts LLC raised its stake in American Express by 84.0% in the second quarter. Capital Analysts LLC now owns 2,631 shares of the payment services company’s stock valued at $107,000 after purchasing an additional 1,201 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in American Express by 30.4% in 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 purchasing an additional 300 shares in the last quarter. Finally, FNY Partners Fund LP acquired a new position in American Express in the fourth quarter valued at about $111,000. 83.36% 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).