American Express (NYSE:AXP) Receives Average Rating of “Hold” from Analysts

Shares of American Express (NYSE:AXP) have received an average recommendation of “Hold” from the twenty-three brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $210.71.

AXP has been the topic of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating on shares of American Express in a research report on Friday, April 5th. Morgan Stanley raised their target price on shares of American Express from $222.00 to $226.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. HSBC increased their price target on shares of American Express from $232.00 to $239.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Barclays reissued an “equal weight” rating and set a $221.00 price objective (up previously from $220.00) on shares of American Express in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Express from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, April 22nd.

View Our Latest Stock Analysis on American Express

American Express Stock Performance

Shares of AXP stock opened at $243.08 on Wednesday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.62 and a current ratio of 1.62. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $244.41. The company has a market capitalization of $174.85 billion, a P/E ratio of 20.02, a PEG ratio of 1.38 and a beta of 1.20. The stock has a 50 day moving average price of $229.46 and a two-hundred day moving average price of $202.84.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.46%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 EPS. Analysts expect that American Express will post 12.99 earnings per share for the current year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.15%. This is a boost from American Express’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, July 5th. American Express’s dividend payout ratio is presently 23.06%.

Insider Buying and Selling

In other American Express news, EVP Quinn Jessica Lieberman sold 3,141 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $232.36, for a total value of $729,842.76. Following the transaction, the executive vice president now owns 258 shares of the company’s stock, valued at $59,948.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Quinn Jessica Lieberman sold 3,141 shares of American Express stock in a transaction on Monday, May 6th. The shares were sold at an average price of $232.36, for a total transaction of $729,842.76. Following the transaction, the executive vice president now owns 258 shares in the company, valued at approximately $59,948.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Squeri sold 38,873 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $238.63, for a total value of $9,276,263.99. Following the completion of the sale, the chief executive officer now owns 76,310 shares of the company’s stock, valued at approximately $18,209,855.30. The disclosure for this sale can be found here. Insiders sold 177,717 shares of company stock valued at $41,680,999 over the last 90 days. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On American Express

A number of hedge funds have recently modified their holdings of AXP. Scarborough Advisors LLC bought a new stake in American Express during the fourth quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in shares of American Express during the fourth quarter valued at approximately $28,000. Tennessee Valley Asset Management Partners purchased a new position in shares of American Express in the fourth quarter worth $28,000. Pacifica Partners Inc. bought a new position in shares of American Express during the fourth quarter worth $29,000. Finally, Baldwin Brothers LLC MA grew its stake in American Express by 134.8% during the fourth quarter. Baldwin Brothers LLC MA now owns 155 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Company Profile

(Get Free Report

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

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Analyst Recommendations for American Express (NYSE:AXP)

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