American Express (NYSE:AXP) Stock Rating Upgraded by ValuEngine

American Express (NYSE:AXP) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

A number of other research analysts have also recently issued reports on the company. BMO Capital Markets boosted their target price on American Express from $119.00 to $123.00 and gave the company a “market perform” rating in a research note on Monday, October 21st. Cfra reissued a “hold” rating on shares of American Express in a research note on Friday, October 18th. William Blair reissued a “buy” rating on shares of American Express in a research note on Friday, October 18th. Morgan Stanley boosted their target price on American Express from $142.00 to $149.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their target price on American Express from $120.00 to $125.00 and gave the company a “sector perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $124.96.

Shares of American Express stock traded down $0.17 during trading on Thursday, reaching $120.76. 1,935,079 shares of the company were exchanged, compared to its average volume of 2,792,719. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 2.54. American Express has a twelve month low of $89.05 and a twelve month high of $129.34. The business has a 50-day moving average price of $117.72 and a 200-day moving average price of $120.63. The firm has a market capitalization of $98.41 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.40 and a beta of 1.05.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 18th. The payment services company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.01. American Express had a return on equity of 29.68% and a net margin of 16.51%. The firm had revenue of $10.99 billion during the quarter, compared to analysts’ expectations of $10.94 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, equities research analysts forecast that American Express will post 8.17 EPS for the current fiscal year.

In other news, insider Denise Pickett sold 2,400 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $118.39, for a total value of $284,136.00. Following the sale, the insider now directly owns 9,788 shares in the company, valued at $1,158,801.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Theodore Leonsis sold 8,420 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $116.44, for a total value of $980,424.80. Following the completion of the sale, the director now owns 11,580 shares in the company, valued at $1,348,375.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,820 shares of company stock worth $3,039,511. Corporate insiders own 0.21% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. First Allied Advisory Services Inc. raised its holdings in American Express by 1.1% during the third quarter. First Allied Advisory Services Inc. now owns 15,967 shares of the payment services company’s stock worth $1,886,000 after acquiring an additional 181 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in American Express by 0.9% during the third quarter. Cetera Advisor Networks LLC now owns 18,373 shares of the payment services company’s stock worth $2,171,000 after acquiring an additional 161 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in American Express by 4.4% during the third quarter. Miracle Mile Advisors LLC now owns 38,646 shares of the payment services company’s stock worth $4,571,000 after acquiring an additional 1,646 shares in the last quarter. Trillium Asset Management LLC raised its holdings in American Express by 8.7% during the third quarter. Trillium Asset Management LLC now owns 2,164 shares of the payment services company’s stock worth $256,000 after acquiring an additional 174 shares in the last quarter. Finally, Goelzer Investment Management Inc. raised its holdings in American Express by 0.7% during the third quarter. Goelzer Investment Management Inc. now owns 44,640 shares of the payment services company’s stock worth $5,280,000 after acquiring an additional 292 shares in the last quarter. Institutional investors own 84.72% of the company’s stock.

About American Express

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 three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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Analyst Recommendations for American Express (NYSE:AXP)

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