Analysts at RBC Capital boosted their target price on shares of American Express (NYSE:AXP) from $61.00 to $65.00 in a research report issued to clients and investors on Thursday, Analyst Ratings Net reports. The firm currently has an “underperform” rating on the stock. RBC Capital’s target price suggests a potential downside of 18.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of American Express from $85.00 to $90.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of American Express to $78.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of American Express in a research note to investors on Thursday. They now have a $89.00 price target on the stock. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.27.
American Express (NYSE:AXP) traded up 5.12% during mid-day trading on Thursday, hitting $80.23. 10,372,383 shares of the company’s stock traded hands. American Express has a 52-week low of $53.02 and a 52-week high of $80.40. The stock’s 50-day moving average is $74.95 and its 200-day moving average is $73.34. The company has a market cap of $87.451 billion and a price-to-earnings ratio of 18.73.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, October 16th. The company reported $1.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.22 by $0.03. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.22 billion. During the same quarter last year, the company posted $1.09 earnings per share. American Express’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that American Express will post $4.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Friday, October 4th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, October 2nd.
American Express Company (NYSE:AXP) is a global service company.
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