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 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 3.24, which indicates as a Hold.
American Express Company (AXP) : Currently there are 13 street experts covering American Express Company (AXP) stock. The most bullish and bearish price target for the stock is $80 and $43 respectively for the short term. The average price target of all the analysts comes to $64.62. The estimated standard deviation from the target is $8.99.
Also, 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): After opening at $63.4, the stock dipped to an intraday low of $63.26 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $64.165 and the buying power remained strong till the end. The stock closed at $63.83 for the day, a gain of 0.55% for the day session. The total traded volume was 4,660,355. The stocks close on the previous trading day was $63.48.
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.