American Express (NYSE:AXP)‘s stock had its “equal weight” rating reaffirmed by Barclays Capital in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a $82.00 price objective on the stock. Barclays Capital’s price objective would indicate a potential upside of 6.77% from the company’s current price.
AXP has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of American Express from $54.00 to $61.00 in a research note to investors on Thursday. They now have an “underperform” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Susquehanna downgraded shares of American Express from a “positive” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $80.00 price target on the stock, down previously from $84.00. Finally, analysts at FBR Capital Markets raised their price target on shares of American Express from $64.00 to $80.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock.
Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. American Express has a consensus rating of “Hold” and an average target price of $72.84.
American Express (NYSE: AXP) traded down 3.18% on Thursday, hitting $74.36. American Express has a 52-week low of $53.02 and a 52-week high of $78.63. The stock’s 50-day moving average is currently $75.58. The company has a market cap of $81.695 billion and a price-to-earnings ratio of 19.38.
American Express (NYSE:AXP) last announced its earnings results on Wednesday, July 17th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.05. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.32 billion. During the same quarter last year, the company posted $1.15 earnings per share. American Express’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that American Express will post $4.79 EPS for the current fiscal year.
American Express Company (NYSE: AXP) is a global service company.