American Express Company (AXP) Receives Price Target

American Express Company (AXP) : 13 Wall Street analysts covering American Express Company (AXP) believe that the average level the stock could reach for the short term is $63.92. The maximum price target given is $80 and the minimum target for short term is around $43, hence the standard deviation is calculated at $9.69.

American Express Company (AXP) : 21 analysts are covering American Express Company (AXP) and their average rating on the stock is 3.24, 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 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on American Express Company (NYSE:AXP). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Goldman Sachs 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): The stock opened at $65.55 on Thursday but the bulls could not build on the opening and the stock topped out at $65.64 for the day. The stock traded down to $64.42 during the day, due to lack of any buying support eventually closed down at $64.86 with a loss of -1.10% for the day. The stock had closed at $65.58 on the previous day. The total traded volume was 3,657,718 shares.

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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