Consumer services

American Express (NYSE:AXP) Receives Consensus “Hold” Recommendation From Analysts

Shares of American Express (NYSE:AXP) earned a consensus rating of “Hold” from the twenty analysts who currently cover the stock, reports MarketBeat.com. Two analysts have assigned the stock a sell rating, twelve have issued a hold rating and six have assigned the company a buy rating. The average 1-year target price among brokerages that updated their coverage on the stock in the past year is $181.67.

A number of research companies have commented on AXP. Bank of America raised its price target on American Express shares from $178.00 to $189.00 and gave the stock a “neutral” rating in a research report Monday, Oct. 25. BMO Capital Markets raised its price target on American Express shares from $147.00 to $151.00 and gave the stock a “market performance” rating in a Monday, October 25 research report . They noted that the move was a review call. Stephens raised his price target on American Express shares from $180.00 to $190.00 and gave the stock an “equal weight” rating in a Monday, Oct. 25 research report. JPMorgan Chase & Co. cut its price target on American Express shares from $215.00 to $198.00 and set an “overweight” rating for the company in a research report Wednesday. Finally, Barclays raised its price target on American Express shares from $171.00 to $182.00 and gave the stock an “equal weight” rating in a Monday, January 10 research report.

Separately, insider Anna Marrs sold 26,094 shares of the company in a trade dated Wednesday, November 24. The stock was sold at an average price of $171.22, for a total value of $4,467,814.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.20% of the shares are held by insiders.

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A number of hedge funds and other institutional investors have recently changed their holdings of AXP. Meitav Dash Investments Ltd. increased its stake in American Express by 979.0% during the second quarter. Meitav Dash Investments Ltd. now owns 109,251 shares of the payment services company worth $18,047,000 after acquiring 99,126 more shares last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in American Express by 12.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 126,663 shares of the payment services company worth $20,929,000 after acquiring 14,436 more shares last quarter. Equitable Holdings Inc. increased its stake in American Express by 14.4% during the second quarter. Equitable Holdings Inc. now owns 3,709 shares of the payment services company worth $613,000 after acquiring 468 additional shares last quarter. Mackenzie Financial Corp increased its stake in American Express shares by 1.8% in the second quarter. Mackenzie Financial Corp now owns 45,186 shares of the payment services company valued at $7,466,000 after buying an additional 806 shares during the period. Finally, Edmond DE Rothschild Holding SA increased its stake in American Express shares by 52.7% in the second quarter. Edmond DE Rothschild Holding SA now owns 4,401 shares of the payment services company valued at $727,000 after purchasing an additional 1,518 shares during the period. 84.60% of the shares are held by hedge funds and other institutional investors.

NYSE:AXP opened at $158.74 on Friday. American Express has a 1 year minimum of $112.10 and a 1 year maximum of $189.03. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt ratio of 1.41. The company has a fifty-day simple moving average of $166.42 and a 200-day simple moving average of $168.85. The stock has a market capitalization of $122.95 billion, a PE ratio of 16.59, a P/E/G ratio of 0.86 and a beta of 1.25.

American Express Inc (NYSE:AXP) last released quarterly earnings data on Thursday, October 21. The payment services company reported EPS of $2.27 for the quarter, beating the Zacks consensus estimate of $1.80 by $0.47. American Express had a net margin of 19.54% and a return on equity of 28.48%. The company posted revenue of $10.93 billion in the quarter, compared to $10.55 billion expected by analysts. In the same period a year earlier, the company posted earnings per share of $1.30. The company’s revenue for the quarter increased by 24.9% compared to the same quarter last year. On average, stock analysts predict American Express will post earnings per share of 9.57 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 10. Investors of record on Friday, January 7 will receive a dividend of $0.43. This represents a dividend of $1.72 on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, January 6. American Express’ dividend payout ratio (DPR) is currently 17.97%.

About American Express

American Express Co is engaged in the provision of payment and credit card products and travel-related services. It operates through the following segments: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services, and Corporate and Other. The Global Consumer Services Group segment issues a wide range of proprietary consumer cards globally.

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Analyst Recommendations for American Express (NYSE: AXP)

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