News stories about American Express (NYSE:AXP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Express earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the payment services company an impact score of 46.8908433975205 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

American Express (NYSE AXP) traded up 1.40% during midday trading on Monday, hitting $85.47. 2,893,607 shares of the stock traded hands. The firm’s 50 day moving average is $84.88 and its 200-day moving average is $80.33. American Express has a 12-month low of $59.50 and a 12-month high of $86.67. The stock has a market capitalization of $75.55 billion, a PE ratio of 17.53 and a beta of 1.18.

American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, July 19th. The payment services company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. The business had revenue of $8.31 billion during the quarter, compared to the consensus estimate of $8.20 billion. American Express had a return on equity of 21.90% and a net margin of 14.11%. American Express’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 earnings per share. On average, analysts anticipate that American Express will post $5.74 EPS for the current fiscal year.

American Express declared that its board has approved a share buyback plan on Wednesday, June 28th that authorizes the company to repurchase $4.40 billion in shares. This repurchase authorization authorizes the payment services company to buy up to 5.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts recently issued reports on the stock. Credit Suisse Group reaffirmed a “sell” rating on shares of American Express in a report on Wednesday, July 19th. Barclays PLC reaffirmed a “buy” rating and set a $83.00 price objective on shares of American Express in a report on Thursday, July 20th. BidaskClub raised shares of American Express from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $94.00 price objective (up from $87.00) on shares of American Express in a report on Saturday, July 22nd. Finally, Guggenheim reaffirmed a “buy” rating and set a $95.00 price objective (up from $90.00) on shares of American Express in a report on Saturday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $84.77.

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In related news, insider Paul D. Fabara sold 5,981 shares of the business’s stock in a transaction dated 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 is available at the SEC website. Also, insider Anre D. Williams sold 53,111 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $85.24, for a total value of $4,527,181.64. Following the completion of the transaction, the insider now directly owns 79,614 shares of the company’s stock, valued at approximately $6,786,297.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 948,287 shares of company stock valued at $80,321,961. 0.67% of the stock is owned by insiders.

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).

Insider Buying and Selling by Quarter for American Express (NYSE:AXP)

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