Price Target Update on American Express Company (NYSE:AXP)

American Express Company (NYSE:AXP) stock is expected to deviate a maximum of $9.22 from the average target price of $64.31 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $80 and the most muted being $43.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on American Express Company (NYSE:AXP). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $62 per share to $67 per share. The rating by the firm was issued on June 7, 2016.

American Express Company (NYSE:AXP): stock turned positive on Thursday. Though the stock opened at $62.84, the bulls momentum made the stock top out at $63.27 level for the day. The stock recorded a low of $62.47 and closed the trading day at $63.25, in the green by 2.10%. The total traded volume for the day was 3,624,624. The stock had closed at $61.95 in the previous days trading.

The company shares have dropped -22.45% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $81.66 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $64.14 and the 200 Day Moving Average price is recorded at $62.02. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sobbott Susan, officer (Pres., Glbl Commercial Pymnts) of American Express Co, had unloaded 14,682 shares at an average price of $65.5 in a transaction dated on May 25, 2016. The total value of the transaction was worth $961,671.

American Express Company is a global services company. The Companys principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Companys segments include U.S. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. The Companys United States banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services. It also issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company provides expense management and travel services to companies and organizations through its Global Corporate Payments and Global Business Travel businesses. The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles card transactions.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.