American Express emblem” title=”American Express emblem” class=”companylogo”/>American Express (NYSE:AXP) was downgraded by Zacks Funding Analysis from a “maintain” score to a “promote” score in a report issued on Wednesday, Zacks.com stories. They presently have a $126.00 price goal on the cost companies firm’s stock. Zacks Funding Analysis’s price goal would recommend a possible upside of 6.33% from the stock’s present price.
In response to Zacks, “Shares of American Express have outperformed the business in a yr. The corporate’s strategic initiatives bode nicely to get well from the present bleak market. Slowdown in advertising actions as a result of COVID-19 has led to a fall in advertising bills, thereby driving the corporate’s margins. Decline in card member companies as a result of lower in utilization of travel-related advantages following the COVID-19-related journey restrictions additionally contributed to the underside line. Upkeep of enough capital will assist enterprise development. Favorable debt rankings have helped it to safe funding at affordable prices. Nonetheless, it’s witnessing decrease spending volumes as a result of COVID disaster, which could damage its working efficiency. Drained profitability and confused revenues would possibly persist as a result of unsure setting. Its third-quarter earnings missed estimates.”
A lot of different equities analysis analysts have additionally lately issued stories on the stock. TheStreet raised shares of American Express from a “c” score to a “b-” score in a analysis report on Friday, October 23rd. JPMorgan Chase & Co. elevated their goal price on shares of American Express from $97.00 to $106.00 and gave the stock an “underweight” score in a analysis report on Friday, October ninth. Oppenheimer reiterated a “purchase” score on shares of American Express in a analysis report on Sunday, October 25th. UBS Group raised American Express from a “promote” score to a “impartial” score and elevated their price goal for the stock from $90.00 to $116.00 in a analysis report on Tuesday, November 10th. Lastly, 140166 lowered American Express from a “optimistic” score to a “impartial” score and set a $110.00 price goal on the stock. in a analysis word on Friday, October ninth. 5 funding analysts have rated the stock with a promote score, twelve have given a maintain score and 9 have assigned a purchase score to the corporate. The corporate presently has a consensus score of “Maintain” and a median goal price of $107.08.
American Express stock traded down $1.89 throughout buying and selling hours on Wednesday, hitting $118.50. The corporate had a buying and selling quantity of 97,744 shares, in comparison with its common quantity of 5,433,239. The agency has a 50-day transferring common of $104.50 and a 200 day transferring common of $99.37. The corporate has a debt-to-equity ratio of two.05, a present ratio of 1.47 and a fast ratio of 1.47. The agency has a market cap of $96.94 billion, a PE ratio of 29.48, a PEG ratio of 4.75 and a beta of 1.22. American Express has a one yr low of $67.00 and a one yr excessive of $138.13.
American Express (NYSE:AXP) final posted its earnings outcomes on Friday, October 23rd. The cost companies firm reported $1.30 EPS for the quarter, lacking the consensus estimate of $1.39 by ($0.09). The agency had income of $8.75 billion throughout the quarter, in comparison with analyst estimates of $8.71 billion. American Express had a web margin of 8.84% and a return on fairness of 21.31%. American Express‘s income for the quarter was down 20.4% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate posted $2.08 EPS. As a bunch, analysis analysts count on that American Express will publish 4.98 earnings per share for the present yr.
In associated information, insider Anna Marrs offered 2,064 shares of the enterprise’s stock in a transaction on Tuesday, November 10th. The shares had been offered at a median price of $119.56, for a complete value of $246,771.84. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Additionally, insider Douglas E. Buckminster offered 14,827 shares of the enterprise’s stock in a transaction on Friday, November sixth. The stock was offered at a median price of $96.85, for a complete transaction of $1,435,994.95. Following the completion of the sale, the insider now straight owns 96,633 shares within the firm, valued at roughly $9,358,906.05. The disclosure for this sale might be discovered right here. Company insiders personal 0.20% of the corporate’s stock.
A number of hedge funds have lately modified their holdings of the corporate. Belief Asset Administration LLC acquired a brand new stake in American Express throughout the third quarter worth roughly $339,000. Eudaimonia Companions LLC boosted its stake in American Express by 435.4% throughout the third quarter. Eudaimonia Companions LLC now owns 19,736 shares of the cost companies firm’s stock worth $1,979,00Zero after buying a further 16,050 shares within the final quarter. Amussen Hunsaker Associates LLC boosted its stake in American Express by 5.9% throughout the third quarter. Amussen Hunsaker Associates LLC now owns 123,532 shares of the cost companies firm’s stock worth $12,385,00Zero after buying a further 6,902 shares within the final quarter. Kathmere Capital Administration LLC acquired a brand new stake in American Express within the third quarter worth $63,000. Lastly, Paces Ferry Wealth Advisors LLC purchased a brand new stake in American Express within the third quarter valued at $34,000. 76.11% of the stock is owned by institutional traders.
American Express Firm Profile
American Express Firm, along with its subsidiaries, offers cost and credit score cost card merchandise, and travel-related companies worldwide. The corporate operates by means of three segments: International Shopper Companies Group, International Industrial Companies, and International Service provider and Community Companies. Its services and products embody cost and financing merchandise; community companies; expense administration services and products; and life-style companies.
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