American Express (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts

American Express (NYSE:AXP) has received a consensus recommendation of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $124.78.

A number of equities analysts recently commented on the stock. UBS Group cut shares of American Express from a “buy” rating to a “neutral” rating and set a $117.60 target price on the stock. in a research report on Monday, April 29th. Bank of America assumed coverage on shares of American Express in a research report on Wednesday, June 19th. They issued a “buy” rating and a $145.00 target price on the stock. Oppenheimer set a $119.00 target price on shares of American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. BMO Capital Markets lifted their target price on shares of American Express to $119.00 and gave the stock a “market perform” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Co lifted their target price on shares of American Express from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th.

In related news, Chairman Stephen J. Squeri sold 15,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $114.69, for a total transaction of $1,720,350.00. Following the transaction, the chairman now owns 214,815 shares in the company, valued at $24,637,132.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Laureen Seeger sold 44,584 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $119.25, for a total transaction of $5,316,642.00. Following the transaction, the insider now owns 80,375 shares in the company, valued at approximately $9,584,718.75. The disclosure for this sale can be found here. Insiders sold 190,548 shares of company stock worth $22,910,322 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AXP. Comerica Securities Inc. increased its position in shares of American Express by 5.3% during the fourth quarter. Comerica Securities Inc. now owns 5,582 shares of the payment services company’s stock valued at $532,000 after buying an additional 279 shares during the period. Geode Capital Management LLC increased its position in shares of American Express by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 8,486,121 shares of the payment services company’s stock valued at $807,358,000 after buying an additional 459,983 shares during the period. Rockland Trust Co. boosted its stake in American Express by 1.6% during the first quarter. Rockland Trust Co. now owns 6,169 shares of the payment services company’s stock worth $674,000 after acquiring an additional 100 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in American Express by 100.0% during the first quarter. Hennessy Advisors Inc. now owns 10,000 shares of the payment services company’s stock worth $1,093,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Huntington National Bank boosted its stake in American Express by 10.9% during the first quarter. Huntington National Bank now owns 314,714 shares of the payment services company’s stock worth $34,398,000 after acquiring an additional 30,976 shares in the last quarter. Institutional investors own 84.26% of the company’s stock.

NYSE:AXP traded down $3.45 during trading hours on Wednesday, reaching $122.87. The company’s stock had a trading volume of 3,597,981 shares, compared to its average volume of 3,378,340. The company has a market capitalization of $104.80 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.05. The firm’s 50-day moving average price is $125.57. American Express has a 1 year low of $89.05 and a 1 year high of $129.34. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.84 and a quick ratio of 1.84.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.02. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.82 billion. American Express had a net margin of 16.60% and a return on equity of 29.75%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS. Research analysts expect that American Express will post 8.14 EPS for the current year.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Analyst Recommendations for American Express (NYSE:AXP)

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