American Express (NYSE: AXP) – William Blair’s research analysts increased their FY2021 EPS estimates for American Express in a report released on Wednesday, June 16. William Blair analyst R. Napoli now expects the payment services company to post a profit of $ 7.67 per share for the year, up from its previous estimate of 7. $ 27. William Blair also released American Express earnings estimates for fiscal 2022 at $ 9.13 per share and earnings for fiscal 2023 at $ 10.56 per share.
AXP has been the subject of a number of other reports. Oppenheimer raised its price target for American Express shares from $ 128.00 to $ 165.00 and gave the company an “outperformance” rating in a research note on Monday, April 26. Zacks investment research downgraded American Express from a “hold” rating to a “sell” rating and set a price target of $ 138.00 for the company. in a report on Monday February 22. Barclays increased its price target on American Express from $ 139.00 to $ 146.00 and gave the company an “equal weight” rating in a research note on Monday, April 26. Wells Fargo & Company raised its target price on American Express from $ 165 to $ 185 and rated the stock “overweight” in a research note on Monday, June 7. Finally, Deutsche Bank Aktiengesellschaft raised its price target on American Express from $ 131.00 to $ 158.00 and gave the company a “buy” rating in a research note on Monday April 26. Three equity research analysts gave the stock a sell rating, seven assigned a conservation rating, and nine gave the company a buy rating. The stock currently has a consensus rating of “Hold” and an average price target of $ 131.11.
American Express stock opened at $ 164.68 on Thursday. The company has a market cap of $ 132.29 billion, a price / earnings ratio of 27.04, a P / E / G ratio of 1.64, and a beta of 1.30. The company has a 50-day moving average of $ 155.91. The company has a debt to equity ratio of 1.72, a quick ratio of 1.51, and a current ratio of 1.51. American Express has a one-year minimum of $ 89.11 and a one-year maximum of $ 167.14. American Express (NYSE: AXP) last released its quarterly earnings data on Thursday, April 22. The payment services company reported earnings per share of $ 2.74 for the quarter, beating the Zacks’ consensus estimate of $ 1.61 by $ 1.13. American Express had a return on equity of 18.49% and a net margin of 14.29%. The company posted revenue of $ 9.06 billion in the quarter, compared to a consensus estimate of $ 9.19 billion. During the same period of the previous year, the company reported earnings per share of $ 0.41. American Express quarterly revenue was down 12.1% year-on-year.
Several institutional investors have recently changed their holdings to AXP. GPS Wealth Strategies Group LLC purchased a new position in American Express shares during the first quarter valued at approximately $ 27,000. Baron Silver Stevens Financial Advisors LLC purchased a new position in American Express during the 4th quarter valued at $ 29,000. Geo Capital Gestora de Recursos Ltd increased its stake in American Express shares by 92.6% in the 1st quarter. Geo Capital Gestora de Recursos Ltd now owns 208 shares of the payment services company valued at $ 29,000 after acquiring an additional 100 shares in the last quarter. Annapolis Financial Services LLC purchased a new stake in American Express shares in the fourth quarter valued at approximately $ 33,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in American Express shares during the first quarter valued at approximately $ 35,000. 84.18% of the shares are held by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 10. Shareholders of record on Friday, July 2 will receive a dividend of $ 0.43 per share. The ex-dividend date is Thursday July 1. This represents a dividend of $ 1.72 on an annualized basis and a return of 1.04%. American Express’s dividend payout ratio (DPR) is currently 32.21%.
About American Express
American Express Company, along with its subsidiaries, provides payment and credit card products, as well as travel-related services around the world. The company operates through three segments: Global Consumer Services Group, Global Commercial Services and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.
Featured Article: Downstream Charging
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is an exchange traded fund (ETF)?
7 stocks that still have potential for investors to buy
It can be fun to invest in certain speculative stocks. But it goes without saying that these stocks don’t have to be the bulk of your portfolio. In fact, it’s important to find a few good stocks that form the basis of your portfolio. These are dynamic stocks that are in a strong uptrend.
One way to find these stocks is to look at the most active stocks (or volume leaders). The shares of these companies are among the most traded or have the highest volume of shares traded on any given trading day.
Any action can break this list from time to time (for example, when there is new business news). However, stocks tend to end up on this list consistently, which is worth watching. This is because this listing indicates that there is pressure among investors to buy or sell the stock. And that makes the decision of an investor very simple.
And that’s why we created this special presentation. The stocks on this list are some of the most actively traded stocks on the market today. They also share a similar quality. They are coming off a good year in 2020 and seem to be showing some consolidation for another head start.
Check out the “7 stocks that still have potential for investors to buy”.