American Express Company (AXP) : 22 analysts are covering American Express Company (AXP) and their average rating on the stock is 3.23, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 5 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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 $63.92 with an expected fluctuation of $9.69 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Goldman Sachs maintains its ratings on American Express Company (NYSE:AXP). In the latest research report, Goldman Sachs raises the target price from $62 per share to $67 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 7, 2016.
American Express Company (NYSE:AXP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.50 and $63.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.83, notching a gain of 0.57% for the day. The total traded volume was 3,034,536 . The stock had closed at $63.47 on the previous day.
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.