American Express (NYSE:AXP) has been given a $117.00 target price by equities researchers at Oppenheimer in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the payment services company’s stock. Oppenheimer’s price target points to a potential upside of 20.38% from the stock’s previous close.
A number of other research analysts have also issued reports on AXP. Nomura upgraded American Express from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Monday, February 12th. Instinet boosted their price target on American Express from $91.72 to $108.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research lowered American Express from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. TheStreet lowered American Express from a “b+” rating to a “c+” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley boosted their price target on American Express from $108.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $102.68.
American Express (NYSE AXP) opened at $97.19 on Tuesday. 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 has a 12-month low of $75.51 and a 12-month high of $102.39. The stock has a market capitalization of $83,266.38, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19.
American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $8.73 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. sell-side analysts expect that American Express will post 7.13 earnings per share for the current fiscal year.
In other news, insider Ashwini Gupta sold 57,306 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Peter Bush sold 13,548 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $97.60, for a total value of $1,322,284.80. Following the sale, the insider now directly owns 90,052 shares of the company’s stock, valued at $8,789,075.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. CNB Bank purchased a new stake in shares of American Express during the fourth quarter valued at $198,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in American Express by 5.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 421,254 shares of the payment services company’s stock valued at $41,835,000 after buying an additional 20,589 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in American Express by 45.9% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 44,524 shares of the payment services company’s stock valued at $4,422,000 after buying an additional 14,000 shares during the period. Halsey Associates Inc. CT acquired a new position in American Express during the fourth quarter valued at $627,000. Finally, Doheny Asset Management CA raised its position in American Express by 18.8% during the fourth quarter. Doheny Asset Management CA now owns 4,636 shares of the payment services company’s stock valued at $460,000 after buying an additional 732 shares during the period. 82.38% of the stock is owned by institutional investors and hedge funds.
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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).
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