American Express Company (AXP): Price Target and June Short Interest Disclosure

American Express Company (AXP) : The most positive equity analysts on American Express Company (AXP) expects the shares to touch $80, whereas, the least positive believes that the stock will trade at $43 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $63.85 with an expected fluctuation of $9.67 from the mean.

American Express Company (AXP), A rise of 1,508,060 shares or 8.4% was seen in the short interest of American Express. Even as the interest increased from 18,029,913 shares on June 15,2016 to 19,537,973 shares on June 30,2016, the days to cover came in at 3. The updated interest stood at 2.1% of the stocks floats. The stock has seen an average daily volume of 6,208,433 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Goldman Sachs maintains its rating on American Express Company (NYSE:AXP). The global brokerage major raises the current price target from $62 per share to $67 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. 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 $63.66, the bulls momentum made the stock top out at $64 level for the day. The stock recorded a low of $63.4079 and closed the trading day at $63.61, in the green by 0.81%. The total traded volume for the day was 4,417,183. The stock had closed at $63.1 in the previous days trading.

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.

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