American Express (NYSE:AXP) PT Raised to $268.00

American Express (NYSE:AXP) had its price target raised by analysts at TD Cowen from $260.00 to $268.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the payment services company’s stock. TD Cowen’s target price points to a potential downside of 2.55% from the stock’s current price.

A number of other research firms have also commented on AXP. Bank of America raised their price objective on shares of American Express from $263.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Royal Bank of Canada raised their target price on shares of American Express from $265.00 to $267.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut shares of American Express from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $268.00 to $286.00 in a research note on Monday, October 7th. Jefferies Financial Group raised their price target on American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Finally, Barclays raised their price target on shares of American Express from $250.00 to $257.00 and gave the stock an “equal weight” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $244.42.

American Express Trading Down 0.6 %

NYSE AXP opened at $275.00 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. The business has a fifty day simple moving average of $261.27 and a 200 day simple moving average of $244.02. American Express has a 12 month low of $140.91 and a 12 month high of $286.36. The firm has a market capitalization of $197.81 billion, a P/E ratio of 22.65, a PEG ratio of 1.50 and a beta of 1.21.

American Express (NYSE:AXP) last released its earnings results on Friday, October 18th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.27 by $0.22. American Express had a return on equity of 32.94% and a net margin of 15.53%. The company had revenue of $16.64 billion during the quarter, compared to analyst estimates of $16.68 billion. During the same period in the prior year, the company posted $3.30 earnings per share. American Express’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that American Express will post 13.14 EPS for the current fiscal year.

Institutional Trading of American Express

Several institutional investors and hedge funds have recently bought and sold shares of AXP. Sovereign Financial Group Inc. lifted its position in American Express by 2.7% during the third quarter. Sovereign Financial Group Inc. now owns 1,467 shares of the payment services company’s stock valued at $398,000 after purchasing an additional 38 shares during the period. Legacy Financial Strategies LLC boosted its holdings in American Express by 2.5% during the third quarter. Legacy Financial Strategies LLC now owns 1,632 shares of the payment services company’s stock worth $443,000 after buying an additional 40 shares in the last quarter. Sawgrass Asset Management LLC increased its stake in shares of American Express by 0.4% in the 2nd quarter. Sawgrass Asset Management LLC now owns 10,384 shares of the payment services company’s stock valued at $2,404,000 after purchasing an additional 41 shares in the last quarter. Godsey & Gibb Inc. boosted its stake in shares of American Express by 3.5% in the third quarter. Godsey & Gibb Inc. now owns 1,227 shares of the payment services company’s stock worth $333,000 after acquiring an additional 41 shares during the last quarter. Finally, Davis Investment Partners LLC raised its holdings in American Express by 0.5% in the 3rd quarter. Davis Investment Partners LLC now owns 8,011 shares of the payment services company’s stock valued at $2,170,000 after acquiring an additional 42 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Company Profile

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.