American Express (NYSE:AXP) has been assigned a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $181.53.
Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on American Express from $157.00 to $160.00 and gave the company an “equal weight” rating in a research report on Monday, July 25th. Piper Sandler reduced their price objective on American Express from $202.00 to $163.00 and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Morgan Stanley increased their price objective on American Express from $143.00 to $155.00 and gave the company an “equal weight” rating in a research report on Monday, July 25th. Edward Jones raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, June 6th. Finally, Oppenheimer set a $184.00 target price on American Express in a research note on Tuesday, July 19th.
Insider Activity at American Express
In related news, Director Theodore Leonsis sold 4,005 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $166.63, for a total value of $667,353.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.
Hedge Funds Weigh In On American Express
Several hedge funds have recently added to or reduced their stakes in the company. Summit Global Investments boosted its holdings in American Express by 421.5% during the first quarter. Summit Global Investments now owns 8,522 shares of the payment services company’s stock worth $1,594,000 after buying an additional 6,888 shares during the last quarter. 1900 Wealth Management LLC boosted its holdings in American Express by 5.1% during the first quarter. 1900 Wealth Management LLC now owns 2,268 shares of the payment services company’s stock worth $424,000 after buying an additional 111 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in American Express by 50.4% during the first quarter. Global Trust Asset Management LLC now owns 1,444 shares of the payment services company’s stock worth $270,000 after buying an additional 484 shares during the last quarter. Round Rock Advisors LLC bought a new position in American Express during the first quarter worth about $318,000. Finally, Balasa Dinverno & Foltz LLC bought a new position in American Express during the first quarter worth about $266,000. Institutional investors own 85.49% of the company’s stock.
American Express Stock Up 2.3 %
Shares of American Express stock opened at $162.44 on Thursday. The stock has a market capitalization of $121.79 billion, a P/E ratio of 16.66, a PEG ratio of 1.22 and a beta of 1.15. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average price of $149.15 and a two-hundred day moving average price of $168.38. American Express has a 12-month low of $134.12 and a 12-month high of $199.55.
American Express (NYSE:AXP – Get Rating) last announced its earnings results on Friday, July 22nd. The payment services company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.16. The firm had revenue of $13.40 billion during the quarter, compared to analysts’ expectations of $12.54 billion. American Express had a return on equity of 32.81% and a net margin of 15.69%. The company’s revenue was up 30.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 earnings per share. Equities analysts expect that American Express will post 9.79 earnings per share for the current year.
American Express Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.
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