American Express (NYSE:AXP) Receives $123.23 Consensus Target Price from Analysts

Shares of American Express (NYSE:AXP) have received an average rating of “Hold” from the nineteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned 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 $123.23.

A number of research firms have recently weighed in on AXP. Deutsche Bank reiterated a “buy” rating and issued a $80.00 price target on shares of Bayerische Motoren Werke in a research report on Monday, July 8th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,453 ($18.99) price objective on shares of in a research report on Tuesday, June 18th. Stephens set a $131.00 price objective on shares of American Express and gave the stock a “buy” rating in a research note on Monday, May 20th. William Blair reissued an “outperform” rating on shares of American Express in a research note on Tuesday, June 18th. Finally, Bank of America cut their price target on shares of Canopy Growth from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, June 19th.

Shares of AXP traded down $3.58 during midday trading on Friday, hitting $124.82. The stock had a trading volume of 7,814,122 shares, compared to its average volume of 2,890,161. The firm has a 50 day moving average of $123.42. American Express has a twelve month low of $89.05 and a twelve month high of $129.34. The firm has a market capitalization of $107.22 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.63.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.02. American Express had a return on equity of 29.86% and a net margin of 16.60%. The company had revenue of $10.84 billion during the quarter, compared to analysts’ expectations of $10.82 billion. During the same quarter last year, the company earned $1.84 EPS. American Express’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, sell-side analysts predict that American Express will post 8.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 5th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Wednesday, July 3rd. American Express’s dividend payout ratio (DPR) is presently 21.28%.

In other American Express news, Chairman Stephen J. Squeri sold 15,000 shares of American Express stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $114.69, for a total value of $1,720,350.00. Following the completion of the transaction, the chairman now directly owns 214,815 shares of the company’s stock, valued at $24,637,132.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey C. Campbell sold 6,500 shares of American Express stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.93, for a total transaction of $799,045.00. Following the completion of the transaction, the chief financial officer now directly owns 68,379 shares of the company’s stock, valued at $8,405,830.47. The disclosure for this sale can be found here. In the last three months, insiders sold 183,797 shares of company stock worth $21,861,060. Insiders own 0.21% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC bought a new position in shares of American Express in the first quarter worth approximately $26,000. Creative Financial Designs Inc. ADV purchased a new stake in shares of American Express in the first quarter valued at $28,000. HMS Capital Management LLC purchased a new stake in shares of American Express in the second quarter valued at $37,000. Clarfeld Financial Advisors LLC bought a new position in shares of American Express in the fourth quarter worth about $31,000. Finally, Edge Wealth Management LLC grew its holdings in shares of American Express by 140.3% in the second quarter. Edge Wealth Management LLC now owns 370 shares of the payment services company’s stock worth $46,000 after purchasing an additional 216 shares during the last quarter. 83.60% of the stock is owned by hedge funds and other institutional investors.

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 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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