American Express (AXP) Given a $117.00 Price Target by Oppenheimer Analysts

American Express (NYSE:AXP) has been assigned a $117.00 price target by stock analysts at Oppenheimer in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the payment services company’s stock. Oppenheimer’s target price would indicate a potential upside of 19.35% from the company’s current price.

A number of other brokerages also recently weighed in on AXP. Zacks Investment Research downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. JPMorgan Chase & Co. downgraded American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a report on Friday, January 12th. Sandler O’Neill restated a “buy” rating on shares of American Express in a report on Wednesday. Barclays set a $119.00 price objective on American Express and gave the stock an “equal weight” rating in a report on Thursday, January 11th. Finally, BMO Capital Markets restated a “hold” rating and set a $103.00 price objective on shares of American Express in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $100.80.

Shares of American Express (AXP) opened at $98.03 on Friday. American Express has a 1-year low of $75.39 and a 1-year high of $102.39. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $85,089.64, a PE ratio of 33.80, a price-to-earnings-growth ratio of 1.37 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, beating the Zacks’ consensus estimate of $1.54 by $0.04. American Express had a net margin of 8.08% and a return on equity of 25.12%. The company had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the prior year, the company earned $0.91 EPS. American Express’s revenue was up 10.2% on a year-over-year basis. equities research analysts anticipate that American Express will post 7.26 earnings per share for the current fiscal year.

In other news, insider Anre D. Williams sold 30,761 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 28,720 shares in the company, valued at approximately $2,682,735.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth I. Chenault sold 96,440 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $97.30, for a total value of $9,383,612.00. Following the completion of the transaction, the chief executive officer now owns 1,178,333 shares in the company, valued at approximately $114,651,800.90. The disclosure for this sale can be found here. Insiders sold a total of 442,869 shares of company stock worth $42,823,869 in the last quarter. 0.67% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of AXP. Vanguard Group Inc. grew its stake in shares of American Express by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 50,233,957 shares of the payment services company’s stock valued at $4,231,710,000 after buying an additional 731,428 shares in the last quarter. BlackRock Inc. grew its stake in shares of American Express by 1.1% in the 2nd quarter. BlackRock Inc. now owns 44,685,897 shares of the payment services company’s stock valued at $3,764,339,000 after buying an additional 508,030 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of American Express by 0.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,342,822 shares of the payment services company’s stock valued at $1,376,719,000 after buying an additional 103,546 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of American Express by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 11,547,390 shares of the payment services company’s stock valued at $1,044,577,000 after buying an additional 300,042 shares in the last quarter. Finally, Veritas Asset Management LLP grew its stake in shares of American Express by 7.1% in the 3rd quarter. Veritas Asset Management LLP now owns 11,039,153 shares of the payment services company’s stock valued at $998,602,000 after buying an additional 735,952 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.

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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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