Headlines about American Express (NYSE:AXP) have been trending positive on Sunday, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. American Express earned a news impact score of 2.78 on their scale. InfoTrie also gave news articles about the payment services company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted American Express’ analysis:
NYSE AXP opened at $124.63 on Friday. The stock has a market capitalization of $101.54 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.37 and a beta of 1.05. American Express has a one year low of $89.05 and a one year high of $129.34. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.84 and a quick ratio of 1.84. The business’s fifty day moving average is $125.56 and its 200-day moving average is $116.63.
American Express (NYSE:AXP) last released its earnings results on Friday, July 19th. The payment services company reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.02. The company had revenue of $10.84 billion for the quarter, compared to analysts’ expectations of $10.82 billion. American Express had a return on equity of 29.75% and a net margin of 16.60%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 EPS. Research analysts expect that American Express will post 8.14 EPS for the current fiscal year.
Several analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of American Express from $135.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Bank of America assumed coverage on shares of American Express in a research report on Wednesday, June 19th. They set a “buy” rating and a $145.00 price objective for the company. Wells Fargo & Co raised their price objective on shares of American Express from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Jefferies Financial Group set a $130.00 target price on American Express and gave the stock a “hold” rating in a report on Friday, July 19th. Finally, UBS Group cut American Express from a “buy” rating to a “neutral” rating and set a $117.60 target price on the stock. in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $124.49.
In related news, CFO Jeffrey C. Campbell sold 6,500 shares of American Express stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $122.93, for a total value of $799,045.00. Following the completion of the sale, the chief financial officer now owns 68,379 shares of the company’s stock, valued at approximately $8,405,830.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey C. Campbell sold 7,045 shares of American Express stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $124.91, for a total value of $879,990.95. Following the transaction, the chief financial officer now directly owns 59,620 shares of the company’s stock, valued at approximately $7,447,134.20. The disclosure for this sale can be found here. In the last three months, insiders sold 190,548 shares of company stock valued at $22,910,322. 0.21% of the stock is currently owned by insiders.
About American Express
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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