American Express (AXP) Getting Favorable Media Coverage, Analysis Shows
News coverage about American Express (NYSE:AXP) has trended positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Express earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the payment services company an impact score of 45.8242186521021 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Today's Bell Ringer, November 24, 2017 (finance.yahoo.com)
- Opening Bell, November 24, 2017 (finance.yahoo.com)
- Etsy sellers join Small Business Saturday hoping for a Black Friday-like boost (finance.yahoo.com)
- Better Buy: American Express Company vs. Mastercard (fool.com)
- Is It Time To Buy American Express Company (AXP)? (finance.yahoo.com)
AXP has been the subject of a number of research reports. Morgan Stanley decreased their price objective on American Express from $90.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, September 8th. Credit Suisse Group reiterated an “underperform” rating and set a $84.00 price objective (up from $79.00) on shares of American Express in a report on Thursday, October 19th. Bank of America Corporation reiterated a “buy” rating and set a $102.00 price objective on shares of American Express in a report on Monday, October 9th. Zacks Investment Research downgraded American Express from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, Buckingham Research initiated coverage on American Express in a report on Monday, October 2nd. They set a “neutral” rating and a $92.00 price objective for the company. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $91.56.
American Express (NYSE:AXP) traded down $0.34 during mid-day trading on Friday, reaching $93.48. The company’s stock had a trading volume of 837,313 shares, compared to its average volume of 3,603,762. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $81,435.41, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. American Express has a 12-month low of $71.38 and a 12-month high of $96.90.
American Express (NYSE:AXP) last posted its quarterly earnings results on Wednesday, October 18th. The payment services company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The firm had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.31 billion. American Express had a return on equity of 22.73% and a net margin of 14.48%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. equities analysts forecast that American Express will post 5.86 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 6th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.50%. This is an increase from American Express’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 5th. American Express’s dividend payout ratio (DPR) is currently 26.97%.
In other news, insider Susan Sobbott sold 5,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $94.34, for a total value of $518,870.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anre D. Williams sold 30,761 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $93.41, for a total value of $2,873,385.01. Following the completion of the sale, the insider now directly owns 28,720 shares of the company’s stock, valued at $2,682,735.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,345 shares of company stock valued at $13,716,103. Corporate insiders own 0.67% of the company’s stock.
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).
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