American Express (AXP) Receives Consensus Rating of “Hold” from Brokerages

Shares of American Express (NYSE:AXP) have been assigned an average rating of “Hold” from the thirty-two analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $106.41.

A number of equities analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of American Express in a report on Thursday. Oppenheimer set a $110.00 price objective on shares of American Express and gave the stock a “buy” rating in a report on Thursday, April 12th. Buckingham Research boosted their price objective on shares of American Express from $110.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of American Express to $86.00 and gave the stock an “underperform” rating in a report on Thursday. Finally, Guggenheim reiterated a “hold” rating and set a $104.00 target price on shares of American Express in a research note on Thursday.

NYSE AXP traded up $5.46 during mid-day trading on Thursday, reaching $100.61. The stock had a trading volume of 7,290,417 shares, compared to its average volume of 3,945,965. American Express has a 1 year low of $75.97 and a 1 year high of $102.88. The firm has a market cap of $80,745.77, a P/E ratio of 17.20, a PEG ratio of 1.28 and a beta of 1.14. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.06.

American Express (NYSE:AXP) last announced its quarterly earnings data on Wednesday, April 18th. The payment services company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.15. American Express had a net margin of 8.08% and a return on equity of 26.00%. The company had revenue of $9.72 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same period in the previous year, the business earned $1.34 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. equities analysts expect that American Express will post 7.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Friday, April 6th will be paid a $0.35 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.40 annualized dividend and a dividend yield of 1.39%. American Express’s dividend payout ratio (DPR) is 23.85%.

In other news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares in the company, valued at approximately $9,942,933.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Certified Advisory Corp bought a new position in American Express in the 4th quarter worth $101,000. Zions Bancorporation boosted its holdings in American Express by 912.9% in the 3rd quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after buying an additional 1,205 shares during the period. Trustcore Financial Services LLC bought a new position in American Express in the 4th quarter worth $128,000. Delpha Capital Management LLC bought a new position in American Express in the 4th quarter worth $138,000. Finally, First Dallas Securities Inc. bought a new position in American Express in the 4th quarter worth $139,000. Hedge funds and other institutional investors own 84.11% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3371168/american-express-axp-receives-consensus-rating-of-hold-from-brokerages.html.

American Express Company Profile

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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

Analyst Recommendations for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Kimberly-Clark  SVP Sandra Macquillan Sells 3,045 Shares
Kimberly-Clark SVP Sandra Macquillan Sells 3,045 Shares
Somewhat Negative Press Coverage Somewhat Unlikely to Impact Inseego  Share Price
Somewhat Negative Press Coverage Somewhat Unlikely to Impact Inseego Share Price
Marc Charles Henderson Buys 25,000 Shares of Treasury Metals Inc  Stock
Marc Charles Henderson Buys 25,000 Shares of Treasury Metals Inc Stock
VersaBank  Director Patrick George Buys 2,100 Shares
VersaBank Director Patrick George Buys 2,100 Shares
Randolph Bancorp  Receiving Somewhat Favorable Press Coverage, Report Shows
Randolph Bancorp Receiving Somewhat Favorable Press Coverage, Report Shows
Natural Alternatives International  Director Sells $74,060.00 in Stock
Natural Alternatives International Director Sells $74,060.00 in Stock


© 2006-2018 Ticker Report. Google+.