American Express Company (AXP) : Zacks Investment Research ranks American Express Company (AXP) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 5 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 13 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 3.23, which indicates as a Hold.
American Express Company (AXP) stock is expected to deviate a maximum of $9.69 from the average target price of $63.92 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.
Company shares have received an average consensus rating of Hold for the current week American Express Company (NYSE:AXP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.00 and $64.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.48, notching a gain of 1.14% for the day. The total traded volume was 2,450,148 . The stock had closed at $64.74 on the previous day.
In a related news,The officer (Pres., Glbl Commercial Pymnts) of American Express Co, Sobbott Susan sold 14,682 shares at $65.5 on May 25, 2016. The Insider selling transaction had a total value worth of $961,671. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.