Media coverage about American Express (NYSE:AXP) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Express earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the payment services company an impact score of 45.7119917997721 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
AXP has been the topic of a number of research analyst reports. Barclays lifted their target price on American Express from $112.00 to $119.00 in a research report on Friday, January 19th. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Thursday, January 11th. Instinet initiated coverage on American Express in a report on Wednesday, January 3rd. They set a “buy” rating and a $110.00 price target on the stock. Deutsche Bank initiated coverage on American Express in a report on Tuesday, January 2nd. They set a “buy” rating and a $118.00 price target on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $116.00 price target on shares of American Express in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $103.89.
Shares of AXP stock traded down $0.21 on Wednesday, reaching $94.74. The company’s stock had a trading volume of 2,123,972 shares, compared to its average volume of 4,034,796. American Express has a 12 month low of $75.51 and a 12 month high of $102.39. The stock has a market cap of $81,588.84, a price-to-earnings ratio of 32.67, a PEG ratio of 1.29 and a beta of 1.16. The company has a debt-to-equity ratio of 3.06, a current ratio of 1.93 and a quick ratio of 1.93.
American Express (NYSE:AXP) last announced its quarterly earnings data 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 return on equity of 26.00% and a net margin of 8.08%. The company had revenue of $8.84 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities analysts predict that American Express will post 7.15 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Thursday, April 5th. American Express’s dividend payout ratio is presently 48.28%.
In other American Express news, insider James Peter Bush sold 12,789 shares of American Express stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.45, for a total value of $1,271,866.05. Following the sale, the insider now owns 92,504 shares of the company’s stock, valued at approximately $9,199,522.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by insiders.
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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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