American Express (NYSE:AXP) had its price objective hoisted by analysts at Monness Crespi & Hardt from $330.00 to $355.00 in a research report issued on Monday, Marketbeat reports. The firm currently has a “buy” rating on the payment services company’s stock. Monness Crespi & Hardt’s price objective would indicate a potential upside of 11.90% from the stock’s current price.
AXP has been the subject of a number of other research reports. BTIG Research lifted their price target on American Express from $266.00 to $270.00 and gave the company a “sell” rating in a research note on Friday, January 24th. StockNews.com raised American Express from a “hold” rating to a “buy” rating in a research report on Saturday, January 11th. HSBC increased their price target on American Express from $270.00 to $294.00 and gave the company a “hold” rating in a research report on Friday, January 24th. TD Cowen lifted their price objective on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Evercore ISI increased their target price on shares of American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $291.50.
Check Out Our Latest Stock Analysis on AXP
American Express Trading Up 0.3 %
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. As a group, equities analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.
Insider Buying and Selling at American Express
In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the transaction, the chief financial officer now directly owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.12% of the company’s stock.
Institutional Investors Weigh In On American Express
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Prospera Private Wealth LLC bought a new position in American Express in the 3rd quarter worth about $27,000. Kennebec Savings Bank purchased a new position in shares of American Express during the third quarter worth about $29,000. True Wealth Design LLC increased its position in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after purchasing an additional 83 shares during the last quarter. Financial Life Planners purchased a new stake in American Express in the fourth quarter valued at approximately $38,000. Finally, Itau Unibanco Holding S.A. bought a new stake in American Express during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.
American Express Company Profile
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.
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