American Express (AXP) Earns Media Impact Score of 0.16
News coverage about American Express (NYSE:AXP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Express earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the payment services company an impact score of 46.0537088687583 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Verizon, American Express Lead DJIA Higher Tuesday (247wallst.com)
- Stocks Edge Higher With Dow Hitting Record High (finance.yahoo.com)
- 4 Stocks Expected to Hike Dividends Next Week (finance.yahoo.com)
- American Express Takes Over #70 Spot From Qualcomm (marketnewsvideo.com)
- EOD Risers: 3M Co, American Express Company, Apple Inc., Boeing Co – DirectorsTalk Interviews (directorstalkinterviews.com)
American Express (NYSE AXP) traded up 1.29% during mid-day trading on Tuesday, reaching $89.00. 4,043,778 shares of the company were exchanged. American Express has a 1-year low of $59.50 and a 1-year high of $89.23. The stock has a 50-day moving average of $85.80 and a 200 day moving average of $81.62. The firm has a market capitalization of $78.67 billion, a P/E ratio of 18.25 and a beta of 1.18.
American Express (NYSE:AXP) last announced its quarterly earnings results on Wednesday, July 19th. The payment services company reported $1.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.03. The company had revenue of $8.31 billion for the quarter, compared to analyst estimates of $8.20 billion. American Express had a net margin of 14.11% and a return on equity of 21.90%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.10 earnings per share. Equities research analysts forecast that American Express will post $5.74 earnings per share for the current year.
American Express announced that its board has authorized a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $4.40 billion in shares. This repurchase authorization permits the payment services company to purchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
AXP has been the topic of several recent analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $84.00 price target on shares of American Express in a research note on Thursday, June 1st. BidaskClub raised shares of American Express from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Stephens raised shares of American Express from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $70.00 to $82.00 in a research report on Tuesday, June 20th. Instinet reissued an “underperform” rating and set a $80.00 target price on shares of American Express in a research report on Thursday, June 29th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $80.00 target price on shares of American Express in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have issued a buy rating to the company. American Express presently has a consensus rating of “Hold” and a consensus target price of $86.29.
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In other news, insider Paul D. Fabara sold 5,981 shares of the stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $85.88, for a total value of $513,648.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth I. Chenault sold 789,503 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $84.62, for a total value of $66,807,743.86. Following the completion of the sale, the chief executive officer now directly owns 889,836 shares of the company’s stock, valued at $75,297,922.32. The disclosure for this sale can be found here. Insiders sold 949,387 shares of company stock valued at $80,451,099 over the last three months. Corporate insiders own 0.67% of the company’s stock.
American Express Company Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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