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.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 18th. The payment services company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.01. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.46 billion. American Express had a return on equity of 29.86% and a net margin of 16.60%. American Express’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. Analysts expect that American Express will post 8.13 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for American Express (NYSE:AXP)

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