A number of firms have modified their ratings and price targets on shares of American Express (NYSE: AXP) recently:

  • 8/8/2017 – American Express was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2017 – American Express was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/25/2017 – American Express was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/22/2017 – American Express had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $94.00 price target on the stock, up previously from $87.00.
  • 7/22/2017 – American Express had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $95.00 price target on the stock, up previously from $90.00.
  • 7/22/2017 – American Express had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $85.00 price target on the stock.
  • 7/22/2017 – American Express had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $100.00 price target on the stock, up previously from $99.00.
  • 7/20/2017 – American Express had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $83.00 price target on the stock.
  • 7/19/2017 – American Express had its “sell” rating reaffirmed by analysts at Credit Suisse Group.
  • 7/18/2017 – American Express had its “outperform” rating reaffirmed by analysts at William Blair.
  • 7/5/2017 – American Express had its “underperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $80.00 price target on the stock.
  • 6/30/2017 – American Express was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/29/2017 – American Express had its “underperform” rating reaffirmed by analysts at Instinet. They now have a $80.00 price target on the stock.
  • 6/20/2017 – American Express was upgraded by analysts at Stephens from an “underweight” rating to an “equal weight” rating. They now have a $82.00 price target on the stock, up previously from $70.00.
  • 6/14/2017 – American Express was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of American Express Company (AXP) opened at 84.56 on Friday. The company has a market capitalization of $74.75 billion, a price-to-earnings ratio of 17.34 and a beta of 1.18. The stock has a 50 day moving average of $84.73 and a 200-day moving average of $80.16. American Express Company has a one year low of $59.50 and a one year high of $86.67.

American Express (NYSE:AXP) last posted its earnings results on Wednesday, July 19th. The payment services company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.03. American Express had a net margin of 15.80% and a return on equity of 24.96%. The firm had revenue of $8.31 billion during the quarter, compared to analyst estimates of $8.20 billion. During the same period last year, the firm posted $2.10 earnings per share. American Express’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts expect that American Express Company will post $5.74 earnings per share for the current year.

In related news, CEO Kenneth I. Chenault sold 789,503 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 889,836 shares of the company’s stock, valued at $75,297,922.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 5,981 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $85.88, for a total transaction of $513,648.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 948,287 shares of company stock valued at $80,321,961. 0.67% of the stock is currently owned by insiders.

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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