American Express (NYSE: AXP)‘s stock had its “neutral” rating restated by analysts at Janney Montgomery Scott in a research report issued to clients and investors on Friday. They currently have a $64.00 price target on the stock.
AXP has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of American Express in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of American Express in a research note to investors on Wednesday, February 27th. They now have a $65.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of American Express from $66.00 to $72.00 in a research note to investors on Wednesday, February 20th.
Twelve investment analysts have rated the stock with a buy rating, fourteen have given a hold rating, and three have given a sell rating to the company’s stock. The stock currently has an average rating of “overweight” and an average price target of $65.57.
American Express opened at 64.56 on Friday. American Express has a 1-year low of $52.51 and a 1-year high of $64.94. The stock’s 50-day moving average is currently $61.31. The company has a market cap of $71.316 billion and a price-to-earnings ratio of 16.60.
American Express last issued its quarterly earnings data on Thursday, January 17th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that American Express will post $4.75 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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