American Express (NYSE:AXP)‘s stock had its “hold” rating reiterated by investment analysts at Piper Jaffray Companies in a report released on Thursday, January 18th. They presently have a $126.00 price objective on the payment services company’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 37.37% from the company’s previous close.
AXP has been the topic of several other reports. Credit Suisse Group reissued 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. Wells Fargo & Co reissued an “outperform” rating and issued a $115.00 price objective (up from $105.00) on shares of American Express in a report on Tuesday, January 9th. ValuEngine lowered American Express from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Bank of America reaffirmed a “buy” rating and issued a $102.00 price target on shares of American Express in a research note on Monday, October 9th. Finally, Morgan Stanley lifted their price target on American Express from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $101.56.
Shares of American Express (NYSE:AXP) traded up $3.38 during mid-day trading on Thursday, reaching $91.72. The company had a trading volume of 8,006,447 shares, compared to its average volume of 4,160,000. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.90 and a current ratio of 2.37. The stock has a market capitalization of $79,610.00, a PE ratio of 30.68, a P/E/G ratio of 1.26 and a beta of 1.19. American Express has a 52 week low of $75.51 and a 52 week high of $102.39.
American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period last year, the business earned $0.91 earnings per share. American Express’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts anticipate that American Express will post 7.13 EPS for the current year.
In related news, insider Ashwini Gupta sold 57,306 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total transaction of $5,446,362.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kenneth I. Chenault sold 96,440 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $97.30, for a total value of $9,383,612.00. Following the transaction, the chief executive officer now directly owns 1,178,333 shares of the company’s stock, valued at $114,651,800.90. The disclosure for this sale can be found here. Insiders sold a total of 326,110 shares of company stock worth $31,858,001 in the last quarter. Company insiders own 0.67% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trustcore Financial Services LLC acquired a new position in shares of American Express during the 4th quarter worth about $128,000. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in shares of 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 in the last quarter. Zions Bancorporation boosted its position in shares of 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 in the last quarter. Capital Analysts LLC acquired a new position in shares of American Express during the 2nd quarter worth about $115,000. Finally, First Dallas Securities Inc. acquired a new position in shares of American Express during the 4th quarter worth about $139,000. 83.56% of the stock is owned by hedge funds and other institutional investors.
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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