American Express (NYSE:AXP) Stock Rating Upgraded by StockNews.com

American Express (NYSE:AXP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

AXP has been the topic of several other reports. Deutsche Bank Aktiengesellschaft initiated coverage on American Express in a research note on Wednesday, January 10th. They issued a “buy” rating and a $235.00 price objective on the stock. DZ Bank cut shares of American Express from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Barclays boosted their price target on shares of American Express from $216.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Oppenheimer boosted their target price on American Express from $208.00 to $219.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $167.00 to $205.00 in a research note on Thursday, January 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $189.00.

View Our Latest Stock Analysis on AXP

American Express Price Performance

Shares of AXP opened at $227.88 on Tuesday. The business’s 50-day moving average is $206.55 and its 200-day moving average is $177.91. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.63 and a quick ratio of 1.63. American Express has a fifty-two week low of $140.91 and a fifty-two week high of $228.06. The company has a market capitalization of $164.95 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.24 and a beta of 1.23.

American Express (NYSE:AXPGet Free Report) last posted its earnings results on Friday, January 26th. The payment services company reported $2.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.02). The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16 billion. American Express had a net margin of 13.84% and a return on equity of 30.99%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 earnings per share. Equities research analysts expect that American Express will post 12.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total value of $1,431,455.85. Following the sale, the insider now directly owns 12,388 shares in the company, valued at $2,522,816.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Stephen J. Squeri sold 69,356 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $213.02, for a total transaction of $14,774,215.12. Following the completion of the transaction, the chief executive officer now directly owns 122,158 shares of the company’s stock, valued at $26,022,097.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total value of $1,431,455.85. Following the transaction, the insider now directly owns 12,388 shares in the company, valued at approximately $2,522,816.20. The disclosure for this sale can be found here. Insiders have sold a total of 172,047 shares of company stock worth $36,528,388 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On American Express

A number of institutional investors have recently bought and sold shares of AXP. Moneta Group Investment Advisors LLC grew its position in shares of American Express by 118,198.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,732,068 shares of the payment services company’s stock valued at $2,028,913,000 after purchasing an additional 13,720,460 shares during the last quarter. Norges Bank bought a new position in American Express during the fourth quarter worth about $911,554,000. Boston Partners acquired a new stake in American Express in the 3rd quarter worth about $210,540,000. Alliancebernstein L.P. boosted its holdings in American Express by 162.6% in the 4th quarter. Alliancebernstein L.P. now owns 1,961,999 shares of the payment services company’s stock valued at $289,885,000 after purchasing an additional 1,214,731 shares during the period. Finally, Legal & General Group Plc grew its position in shares of American Express by 27.3% during the 4th quarter. Legal & General Group Plc now owns 5,272,934 shares of the payment services company’s stock worth $987,832,000 after purchasing an additional 1,132,318 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

About American Express

(Get Free Report)

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

See Also

Analyst Recommendations for American Express (NYSE:AXP)

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