Recent Investment Analysts’ Ratings Changes for American Express (AXP)

Several brokerages have updated their recommendations and price targets on shares of American Express (NYSE: AXP) in the last few weeks:

  • 2/12/2018 – American Express had its price target raised by analysts at Instinet from $91.72 to $108.00. They now have a “buy” rating on the stock.
  • 2/12/2018 – American Express was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $78.00 price target on the stock.
  • 2/2/2018 – American Express had its price target raised by analysts at Morgan Stanley from $108.00 to $109.00. They now have an “equal weight” rating on the stock.
  • 1/22/2018 – American Express was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating. They now have a $102.00 price target on the stock, up previously from $98.03.
  • 1/19/2018 – American Express had its price target raised by analysts at Barclays PLC from $112.00 to $119.00.
  • 1/19/2018 – American Express was given a new $117.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 1/18/2018 – American Express was downgraded by analysts at TheStreet from a “b+” rating to a “c+” rating.
  • 1/18/2018 – American Express had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $126.00 price target on the stock.
  • 1/17/2018 – American Express had its “buy” rating reaffirmed by analysts at Sandler O’Neill.
  • 1/12/2018 – American Express was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $90.00 price target on the stock.
  • 1/11/2018 – American Express was given a new $119.00 price target on by analysts at Barclays PLC. They now have an “equal weight” rating on the stock.
  • 1/11/2018 – American Express was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $113.00 price target on the stock. According to Zacks, “Shares of American Express have outperformed the industry in a year's time. The company continues to witness strong loan growth and credit metrics, plus lower operating costs. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and the OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are also positives. However, an increase in provision for losses, high rewards expense and cost of card member services are some of the headwinds. American Express  will likely incur nearly $2.4 billion charges in fourth-quarter 2017 from tax reform, which will cause its 2017 earnings to fall short of its guided range of $5.80-$5.90 per share.”
  • 1/10/2018 – American Express was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of American Express have outperformed the industry in a year's time. The company continues to witness strong loan growth and credit metrics, plus lower operating costs. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and the OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are also positives. However, an increase in provision for losses, high rewards expense and cost of card member services are the other headwinds.”
  • 1/9/2018 – American Express had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $115.00 price target on the stock, up previously from $105.00.
  • 1/8/2018 – American Express had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $103.00 price target on the stock.
  • 1/3/2018 – American Express is now covered by analysts at Instinet. They set a “buy” rating and a $110.00 price target on the stock.
  • 1/3/2018 – American Express was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock. According to Zacks, “Shares of American Express have outperformed the industry in a year's time. The company continues to witness strong loan growth and credit metrics, plus lower operating costs. A solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments are growth drivers. Strategic initiatives focusing on the platinum card portfolio and the OptBlue program will drive business volume. Cost reduction and return of significant capital to shareholders through dividend and share buyback are also positives. However, an increase in provision for losses, high rewards expense and cost of card member services are the other headwinds.”
  • 1/2/2018 – American Express was given a new $97.00 price target on by analysts at Stephens. They now have a “hold” rating on the stock.
  • 1/2/2018 – American Express is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $118.00 price target on the stock.
  • 12/22/2017 – American Express had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $116.00 price target on the stock.
  • 12/18/2017 – American Express was given a new $128.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.

American Express (NYSE:AXP) opened at $93.00 on Monday. The firm has a market capitalization of $79,612.62, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. American Express has a 1 year low of $75.51 and a 1 year high of $102.39. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.90 and a current ratio of 2.37.

American Express (NYSE:AXP) last posted 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. The firm had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. American Express had a return on equity of 26.07% and a net margin of 8.08%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 EPS. sell-side analysts forecast that American Express will post 7.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 5th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, January 4th. American Express’s dividend payout ratio (DPR) is 48.28%.

In related news, insider James Peter Bush sold 13,356 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the transaction, the insider now directly owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael John O’neill sold 43,741 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $98.85, for a total value of $4,323,797.85. Following the transaction, the executive vice president now directly owns 43,731 shares in the company, valued at $4,322,809.35. The disclosure for this sale can be found here. Insiders have sold a total of 326,110 shares of company stock worth $31,858,001 in the last ninety days. Insiders own 0.67% of the company’s stock.

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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