Latest Stocks: American Express Company (AXP) Receives Consensus Recommendation of “Hold” from Analysts

Latest Stocks: American Express Company (AXP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of American Express Company (NYSE:AXP) have been assigned a consensus recommendation of “Hold” from the thirty research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $82.71.

Several analysts have recently weighed in on the stock. Nomura raised shares of American Express Company from a “reduce” rating to a “neutral” rating and raised their price objective for the stock from $63.00 to $78.00 in a report on Thursday, April 27th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $93.00 price objective (down previously from $97.00) on shares of American Express Company in a report on Friday, April 21st. Wells Fargo & Co reaffirmed a “market perform” rating and set a $80.00 price objective on shares of American Express Company in a report on Sunday, May 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $84.00 price objective on shares of American Express Company in a report on Thursday, June 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $91.00 price objective on shares of American Express Company in a report on Monday, April 10th.

In related news, insider Douglas E. Buckminster sold 46,950 shares of the business’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $80.78, for a total value of $3,792,621.00. Following the sale, the insider now directly owns 103,676 shares of the company’s stock, valued at approximately $8,374,947.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marc D. Gordon sold 4,900 shares of American Express Company stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $76.98, for a total transaction of $377,202.00. The disclosure for this sale can be found here. Insiders sold a total of 54,850 shares of company stock worth $4,407,543 over the last ninety days. 0.78% of the stock is currently owned by insiders. A number of large investors have recently modified their holdings of AXP. Nwam LLC acquired a new stake in shares of American Express Company during the third quarter valued at about $401,000. Strs Ohio raised its stake in shares of American Express Company by 2.3% in the third quarter. Strs Ohio now owns 1,131,245 shares of the payment services company’s stock valued at $72,444,000 after buying an additional 25,202 shares during the last quarter. Nelson Roberts Investment Advisors LLC raised its stake in shares of American Express Company by 22.1% in the third quarter. Nelson Roberts Investment Advisors LLC now owns 4,040 shares of the payment services company’s stock valued at $259,000 after buying an additional 730 shares during the last quarter. Baker Ellis Asset Management LLC raised its stake in shares of American Express Company by 3.2% in the third quarter. Baker Ellis Asset Management LLC now owns 14,856 shares of the payment services company’s stock valued at $951,000 after buying an additional 461 shares during the last quarter. Finally, Hermes Investment Management Ltd. raised its stake in shares of American Express Company by 33.8% in the third quarter. Hermes Investment Management Ltd. now owns 4,950 shares of the payment services company’s stock valued at $317,000 after buying an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 81.71% of the company’s stock.

Shares of American Express Company (NYSE:AXP) opened at 78.97 on Tuesday. American Express Company has a 52-week low of $57.15 and a 52-week high of $82.00. The firm has a market capitalization of $70.58 billion, a PE ratio of 14.25 and a beta of 1.19. The firm’s 50-day moving average price is $78.16 and its 200-day moving average price is $77.13. American Express Company (NYSE:AXP) last posted its quarterly earnings data on Wednesday, April 19th. The payment services company reported $1.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.06. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.76 billion. American Express Company had a net margin of 16.63% and a return on equity of 33.49%. The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $1.45 earnings per share. On average, equities analysts predict that American Express Company will post $5.69 earnings per share for the current fiscal year.

Related posts

Leave a Comment