Analysts Set American Express (AXP) Price Target at $111.29

Shares of American Express (NYSE:AXP) have earned an average rating of “Hold” from the twenty-three research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $110.88.

AXP has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of American Express from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Friday, October 19th. Stephens set a $131.00 price target on shares of American Express and gave the company a “buy” rating in a research note on Saturday, October 20th. Barclays increased their price target on shares of American Express from $113.00 to $115.00 and gave the company a “hold” rating in a research note on Friday, October 19th. Bank of America cut shares of American Express from a “buy” rating to a “neutral” rating and decreased their price target for the company from $125.00 to $115.00 in a research note on Wednesday, December 19th. Finally, Oppenheimer reissued a “buy” rating and set a $114.00 price target on shares of American Express in a research note on Thursday, October 18th.

In other American Express news, Chairman Stephen J. Squeri sold 12,500 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $103.84, for a total value of $1,298,000.00. Following the sale, the chairman now directly owns 209,957 shares in the company, valued at $21,801,934.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Davis R M Inc. grew its position in American Express by 5.0% in the fourth quarter. Davis R M Inc. now owns 2,294 shares of the payment services company’s stock valued at $219,000 after purchasing an additional 110 shares in the last quarter. Ironwood Financial llc grew its position in shares of American Express by 19.4% in the 4th quarter. Ironwood Financial llc now owns 731 shares of the payment services company’s stock valued at $70,000 after acquiring an additional 119 shares during the period. Evanson Asset Management LLC grew its position in shares of American Express by 3.3% in the 4th quarter. Evanson Asset Management LLC now owns 3,706 shares of the payment services company’s stock valued at $353,000 after acquiring an additional 120 shares during the period. Ipswich Investment Management Co. Inc. boosted its holdings in shares of American Express by 1.7% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 9,026 shares of the payment services company’s stock worth $860,000 after buying an additional 150 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of American Express by 0.4% during the 4th quarter. CENTRAL TRUST Co now owns 42,372 shares of the payment services company’s stock worth $4,039,000 after buying an additional 164 shares during the period. Institutional investors own 82.85% of the company’s stock.

AXP opened at $100.48 on Friday. American Express has a one year low of $87.54 and a one year high of $114.55. The company has a current ratio of 2.22, a quick ratio of 1.88 and a debt-to-equity ratio of 2.64. The company has a market cap of $85.84 billion, a PE ratio of 13.71, a P/E/G ratio of 1.18 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, January 17th. The payment services company reported $1.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.06). American Express had a net margin of 17.08% and a return on equity of 30.45%. The company had revenue of $10.47 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same period last year, the company earned $1.58 earnings per share. American Express’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that American Express will post 8.12 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 4th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.56 annualized dividend and a yield of 1.55%. American Express’s dividend payout ratio (DPR) is presently 21.28%.

American Express Company Profile

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 four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

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Analyst Recommendations for American Express (NYSE:AXP)

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