Brokerage Firm Rating Update on American Express Company (AXP)

American Express Company (AXP) has an average broker rating of 3.24, which is interpreted as a Hold, as rated by 21 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 5 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

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 $64.62. The maximum price target given is $80 and the minimum target for short term is around $43, hence the standard deviation is calculated at $8.99.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of American Express Company (NYSE:AXP). Goldman Sachs has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $67 per share from a prior target of $62. The rating by the firm was issued on June 7, 2016.

American Express Company (NYSE:AXP): The stock opened at $65.49 and touched an intraday high of $66.2 on Wednesday. During the day, the stock corrected to an intraday low of $65.31, however, the bulls stepped in and pushed the price higher to close in the green at $66.19 with a gain of 0.65% for the day. The total traded volume for the day was 3,200,694. The stock had closed at $65.76 in the previous trading session.

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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