American Express (AXP) Cut to “C+” at TheStreet

American Express (NYSE:AXP) was downgraded by research analysts at TheStreet from a “b+” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

AXP has been the topic of several other research reports. Credit Suisse Group restated an “underperform” rating and set a $84.00 price target (up previously from $79.00) on shares of American Express in a report on Thursday, October 19th. Wells Fargo & Co restated an “outperform” rating and set a $115.00 price target (up previously from $105.00) on shares of American Express in a report on Tuesday, January 9th. ValuEngine downgraded American Express from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Bank of America restated a “buy” rating and set a $102.00 price target on shares of American Express in a report on Monday, October 9th. Finally, Morgan Stanley upped their price target on American Express from $89.00 to $97.00 and gave the stock an “equal weight” rating in a report on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have assigned a buy rating to the company. American Express currently has an average rating of “Hold” and an average target price of $101.08.

Shares of American Express (AXP) traded down $0.19 during midday trading on Thursday, reaching $97.84. The company’s stock had a trading volume of 3,818,157 shares, compared to its average volume of 3,877,300. The company has a current ratio of 2.37, a quick ratio of 1.90 and a debt-to-equity ratio of 3.11. American Express has a 12 month low of $75.39 and a 12 month high of $102.39. The stock has a market cap of $84,540.00, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.04. American Express had a return on equity of 26.07% and a net margin of 8.08%. The company had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same quarter in the prior year, the business earned $0.91 EPS. American Express’s revenue was up 10.2% on a year-over-year basis. analysts anticipate that American Express will post 7.26 EPS for the current year.

In other American Express news, insider Susan Sobbott sold 5,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $94.34, for a total transaction of $518,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $93.41, for a total value of $2,873,385.01. Following the sale, 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. Insiders own 0.67% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA lifted its position 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 lifted its position 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. Capital Analysts LLC acquired a new stake in American Express during the 2nd quarter worth approximately $115,000. MV Capital Management Inc. lifted its position in American Express by 3.5% during 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 period. Finally, Westside Investment Management Inc. lifted its position in American Express by 0.5% during 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 period. 83.45% of the stock is owned by 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).

Analyst Recommendations for American Express (NYSE:AXP)

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