American Express (NYSE:AXP) received a $117.00 price target from investment analysts at Oppenheimer in a note issued to investors on Friday. The firm currently has a “buy” rating on the payment services company’s stock. Oppenheimer’s target price points to a potential upside of 19.35% from the company’s previous close.
Several other research analysts also recently commented on the company. Piper Jaffray Companies restated a “hold” rating and issued a $126.00 target price on shares of American Express in a research note on Thursday. Sandler O’Neill restated a “buy” rating on shares of American Express in a research note on Wednesday. JPMorgan Chase & Co. downgraded 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. Finally, Zacks Investment Research upgraded 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. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $100.80.
Shares of American Express (AXP) traded down $1.83 on Friday, reaching $98.03. The company had a trading volume of 12,292,342 shares, compared to its average volume of 3,170,000. American Express has a 52 week low of $75.39 and a 52 week high of $102.39. The stock has a market cap of $85,090.00, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.40 and a beta of 1.22. 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 (NYSE:AXP) last announced its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.04. American Express had a return on equity of 25.12% and a net margin of 8.08%. The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. During the same quarter last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. sell-side analysts predict that American Express will post 6.96 EPS for the current year.
In other news, insider Anre D. Williams sold 30,761 shares of American Express stock in a transaction dated 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 sale, the insider now owns 28,720 shares in the company, valued at approximately $2,682,735.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $94.34, for a total value of $518,870.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 442,869 shares of company stock valued at $42,823,869. Corporate insiders own 0.67% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in American Express by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock worth $4,231,710,000 after buying an additional 731,428 shares during the last quarter. BlackRock Inc. lifted its position in American Express by 1.1% in the 2nd quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock worth $3,764,339,000 after buying an additional 508,030 shares during the last quarter. First Eagle Investment Management LLC lifted its position in American Express by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock worth $1,376,719,000 after buying an additional 103,546 shares during the last quarter. Fisher Asset Management LLC lifted its position in American Express by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 11,547,390 shares of the payment services company’s stock worth $1,044,577,000 after buying an additional 300,042 shares during the last quarter. Finally, Veritas Asset Management LLP lifted its position in American Express by 7.1% in the 3rd quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock worth $998,602,000 after buying an additional 735,952 shares during the last quarter. Institutional investors own 83.36% of the company’s stock.
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).