News coverage about American Express (NYSE:AXP) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Express earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the payment services company an impact score of 47.7208328953129 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
AXP has been the topic of a number of recent analyst reports. ValuEngine lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. TheStreet upgraded shares of American Express from a “c+” rating to a “b+” rating in a research note on Wednesday, April 18th. UBS initiated coverage on shares of American Express in a research note on Tuesday, March 27th. They set a “buy” rating and a $111.00 price target on the stock. Oppenheimer set a $117.00 price target on shares of American Express and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Finally, William Blair reiterated an “outperform” rating on shares of American Express in a research note on Friday, March 16th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company. American Express presently has a consensus rating of “Hold” and an average target price of $107.45.
AXP stock traded down $0.23 during trading on Friday, reaching $100.99. 2,927,601 shares of the company were exchanged, compared to its average volume of 3,153,893. The company has a market cap of $86.89 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.36 and a beta of 1.13. American Express has a 52-week low of $75.98 and a 52-week high of $102.96. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 2.67.
American Express (NYSE:AXP) last released its quarterly earnings data on Wednesday, April 18th. The payment services company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.15. The firm had revenue of $9.72 billion for the quarter, compared to the consensus estimate of $9.49 billion. American Express had a net margin of 8.79% and a return on equity of 28.41%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. equities research analysts expect that American Express will post 7.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 10th. Investors of record on Friday, July 6th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, July 5th. American Express’s dividend payout ratio is currently 23.85%.
In other American Express news, Vice Chairman Stephen J. Squeri sold 12,500 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $98.05, for a total value of $1,225,625.00. Following the sale, the insider now owns 203,920 shares of the company’s stock, valued at $19,994,356. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider L Kevin Cox sold 33,777 shares of the company’s stock in a transaction dated Thursday, April 19th. The shares were sold at an average price of $100.54, for a total transaction of $3,395,939.58. Following the completion of the sale, the insider now directly owns 19,249 shares in the company, valued at approximately $1,935,294.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,252 shares of company stock worth $5,800,027. 0.20% of the stock is owned by insiders.
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.
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