American Express Stock Rating Reaffirmed by TheStreet (AXP)
American Express (NYSE: AXP)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Thursday.
The analysts wrote, “American Express (AXP) has been reiterated by TheStreet Ratings as a buy with a ratings score of A- . The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
American Express traded down 0.14% on Thursday, hitting $64.56. American Express has a 52-week low of $52.49 and a 52-week high of $64.94. The stock’s 50-day moving average is currently $61.19. The company has a market cap of $71.316 billion and a price-to-earnings ratio of 16.62.
American Express last posted its quarterly earnings results 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. Analysts expect that American Express will post $4.75 EPS for the current fiscal year.
AXP has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Janney Montgomery Scott raised their price target on shares of American Express from $63.00 to $64.00 in a research note to investors on Tuesday, February 19th.
Twelve equities research 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. The stock presently has a consensus rating of “overweight” and a consensus price target of $65.57.
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.
To view TheStreet’s full report, visit www.thestreetratings.com
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