BMO Capital Markets Reiterates “Hold” Rating for American Express (AXP)

American Express (NYSE:AXP)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a note issued to investors on Monday, January 8th. They currently have a $103.00 price objective on the payment services company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 2.65% from the stock’s current price.

Several other brokerages have also recently issued reports on AXP. Stephens set a $97.00 price objective on American Express and gave the company a “hold” rating in a research note on Tuesday, January 2nd. Instinet began coverage on American Express in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $110.00 price objective on the stock. Zacks Investment Research upgraded American Express from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research note on Wednesday, January 3rd. Deutsche Bank initiated coverage on American Express in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $118.00 price target on the stock. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $116.00 price target on shares of American Express in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $98.96.

Shares of American Express (NYSE AXP) traded down $0.63 during trading on Monday, reaching $100.34. The company had a trading volume of 3,784,283 shares, compared to its average volume of 3,160,000. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 2.31. American Express has a 52 week low of $75.39 and a 52 week high of $102.39. The stock has a market capitalization of $87,090.00, a price-to-earnings ratio of 19.37, a price-to-earnings-growth ratio of 1.46 and a beta of 1.22.

American Express (NYSE:AXP) last released its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. American Express had a return on equity of 22.73% and a net margin of 14.48%. The company had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.31 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. equities research analysts predict that American Express will post 5.85 earnings per share for the current fiscal year.

In other news, insider Susan Sobbott sold 5,500 shares of American Express stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $94.34, for a total transaction of $518,870.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael John O’neill sold 43,741 shares of American Express stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $98.85, for a total transaction of $4,323,797.85. Following the sale, the executive vice president now owns 43,731 shares of the company’s stock, valued at $4,322,809.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,869 shares of company stock valued at $42,823,869. Insiders own 0.67% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia grew its stake in American Express by 907.3% in the 1st quarter. Bank of Nova Scotia now owns 173,469 shares of the payment services company’s stock worth $13,723,000 after acquiring an additional 156,248 shares during the period. Bath Savings Trust Co grew its stake in shares of American Express by 0.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,388 shares of the payment services company’s stock valued at $369,000 after buying an additional 14 shares during the period. McQueen Ball & Associates Inc. grew its stake in shares of American Express by 2.2% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 22,379 shares of the payment services company’s stock valued at $1,885,000 after buying an additional 490 shares during the period. Indiana Trust & Investment Management CO grew its stake in shares of American Express by 4.8% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 7,003 shares of the payment services company’s stock valued at $590,000 after buying an additional 323 shares during the period. Finally, DnB Asset Management AS grew its stake in shares of American Express by 0.7% during the 2nd quarter. DnB Asset Management AS now owns 83,964 shares of the payment services company’s stock valued at $7,073,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 83.36% of the company’s stock.

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About American Express

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

Analyst Recommendations for American Express (NYSE:AXP)

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