American Express (AXP) Given a $131.00 Price Target by Stephens Analysts
American Express (NYSE:AXP) has been given a $131.00 price target by equities researchers at Stephens in a report issued on Monday, TipRanks reports. The firm currently has a “buy” rating on the payment services company’s stock. Stephens’ target price suggests a potential upside of 8.67% from the stock’s previous close.
AXP has been the subject of several other reports. Atlantic Securities raised American Express from a “neutral” rating to an “overweight” rating and set a $100.80 target price for the company in a research report on Tuesday, January 29th. DZ Bank lowered American Express from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Oppenheimer set a $119.00 target price on American Express and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Bank of America reaffirmed a “neutral” rating and set a $108.00 target price on shares of American Express in a research report on Thursday, March 14th. Finally, Morgan Stanley raised their target price on American Express from $113.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $116.63.
Shares of NYSE:AXP opened at $120.55 on Monday. The firm has a market cap of $100.46 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.37 and a beta of 1.13. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.88 and a quick ratio of 1.88. American Express has a 12-month low of $89.05 and a 12-month high of $120.68.
In other American Express news, insider Michael John O’neill sold 15,749 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the completion of the sale, the insider now directly owns 69,941 shares in the company, valued at approximately $7,969,077.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Stephen J. Squeri sold 101,964 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $119.95, for a total value of $12,230,581.80. Following the sale, the chairman now owns 258,948 shares of the company’s stock, valued at $31,060,812.60. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
Institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in shares of American Express by 49.5% in the 4th quarter. FMR LLC now owns 24,583,840 shares of the payment services company’s stock valued at $2,343,332,000 after buying an additional 8,136,470 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of American Express by 9,218.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,340,593 shares of the payment services company’s stock valued at $77,000 after buying an additional 7,261,819 shares during the period. Norges Bank acquired a new stake in shares of American Express in the 4th quarter valued at about $643,757,000. Egerton Capital UK LLP grew its stake in shares of American Express by 18.4% in the 1st quarter. Egerton Capital UK LLP now owns 9,368,737 shares of the payment services company’s stock valued at $1,024,003,000 after buying an additional 1,452,890 shares during the period. Finally, Samlyn Capital LLC grew its stake in shares of American Express by 327.7% in the 4th quarter. Samlyn Capital LLC now owns 1,286,390 shares of the payment services company’s stock valued at $122,619,000 after buying an additional 985,591 shares during the period. Hedge funds and other institutional investors own 85.91% of the company’s stock.
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.
Featured Article: How Do Mutual Funds Work?
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.