American Express (AXP) Receiving Somewhat Positive Press Coverage, Report Finds
News coverage about American Express (NYSE:AXP) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Express earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news stories about the payment services company an impact score of 45.4468417723131 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Deep Dive: These Dow and S&P 500 stocks have taken the worst beatings (marketwatch.com)
- AmEx’s Biggest Problem May Be All Those Executives It Let Leave (finance.yahoo.com)
- American Express Chief Financial Officer to Participate in KBW Cards, Payments & Financial Technology Symposium (finance.yahoo.com)
- Middle Market Firms Help Bolster Economic Clout in Metropolitan Areas Across the Country (markets.financialcontent.com)
- Merchants Find Savings on Transaction Processing Costs (prweb.com)
AXP has been the topic of several recent analyst reports. Barclays lifted their price target on shares of American Express from $112.00 to $119.00 in a report on Friday, January 19th. Oppenheimer set a $99.00 price target on shares of American Express and gave the company a “buy” rating in a report on Thursday, October 19th. Bank of America lifted their price target on shares of American Express from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $116.00 price target on shares of American Express in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.56.
American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, January 18th. The payment services company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. American Express had a return on equity of 26.07% and a net margin of 8.08%. American Express’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. research analysts expect that American Express will post 7.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Friday, January 5th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, January 4th. American Express’s dividend payout ratio is presently 46.82%.
In other news, insider James Peter Bush sold 13,356 shares of American Express stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the transaction, the insider now owns 100,790 shares of the company’s stock, valued at approximately $9,942,933.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ashwini Gupta sold 57,306 shares of American Express stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $95.04, for a total value of $5,446,362.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 326,110 shares of company stock valued at $31,858,001. 0.67% of the stock is owned by insiders.
About American Express
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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