Sanford C. Bernstein boosted their price target on shares of American Express (NYSE: AXP) from $62.00 to $65.00 in a research note issued on Friday.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase raised their price target on shares of American Express to $63.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of American Express in a research note to investors on Friday, March 8th. They now have a $64.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Thursday, March 7th.
Twelve investment analysts have rated the stock with a buy rating, fourteen have given a hold rating, and three have assigned a sell rating to the stock. American Express has an average rating of “overweight” and an average target price of $65.65.
Shares of American Express (NYSE: AXP) traded up 1.09% during mid-day trading on Friday, hitting $66.09. American Express has a 52 week low of $53.02 and a 52 week high of $65.79. The stock’s 50-day moving average is currently $62.05. The company has a market cap of $73.006 billion and a P/E ratio of 16.81.
American Express (NYSE: AXP) last announced its earnings results on Thursday, January 17th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.03. The company had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same quarter last year, the company posted $1.01 earnings per share. American Express’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that American Express will post $4.76 earnings per share for the current fiscal year.
American Express Company (American Express) is a global service company. Its principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses worldwide.
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