American Express Company (AXP) : The consensus on American Express Company (AXP) based on 23 analyst recommendation on the company stock is 3.13, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 5 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on American Express Company (AXP).
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 $64.31. The maximum price target given is $80 and the minimum target for short term is around $43, hence the standard deviation is calculated at $9.22.
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 $58.75 and $58.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.48, notching a gain of 0.56% for the day. The total traded volume was 5,484,424 . The stock had closed at $59.15 on the previous day.
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. The company shares have dropped -22.10% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $81.66 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $63.10 and the 200 Day Moving Average price is recorded at $61.33.
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.