American Express (NYSE:AXP) updated its FY 2019 earnings guidance on Friday. The company provided EPS guidance of $7.85-8.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.13. The company issued revenue guidance of $43.56504-44.3718 billion, compared to the consensus revenue estimate of $43.57 billion.American Express also updated its FY19 guidance to $7.85-8.35 EPS.
Several research firms recently weighed in on AXP. UBS Group downgraded American Express from a buy rating to a neutral rating and set a $117.60 price target on the stock. in a research note on Monday, April 29th. JPMorgan Chase & Co. cut their price target on American Express from $135.00 to $132.00 and set a neutral rating on the stock in a research note on Monday, July 22nd. Deutsche Bank began coverage on American Express in a research note on Monday, July 8th. They issued a buy rating and a $142.00 price target on the stock. Stephens set a $131.00 price target on American Express and gave the stock a buy rating in a research note on Monday, May 20th. Finally, Morgan Stanley upgraded American Express from an equal weight rating to an overweight rating and set a $140.00 price target on the stock in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company’s stock. American Express has an average rating of Hold and an average price target of $124.38.
AXP stock traded up $0.88 during midday trading on Friday, hitting $126.17. The company’s stock had a trading volume of 1,769,624 shares, compared to its average volume of 3,480,191. The stock has a market capitalization of $102.50 billion, a P/E ratio of 17.21, a PEG ratio of 1.39 and a beta of 1.05. American Express has a 12 month low of $89.05 and a 12 month high of $129.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.84 and a current ratio of 1.84. The business has a 50-day simple moving average of $125.52.
In related news, CFO Jeffrey C. Campbell sold 6,500 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $122.93, for a total value of $799,045.00. Following the transaction, the chief financial officer now directly owns 68,379 shares of the company’s stock, valued at approximately $8,405,830.47. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey C. Campbell sold 7,045 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $124.91, for a total value of $879,990.95. Following the completion of the transaction, the chief financial officer now directly owns 59,620 shares in the company, valued at $7,447,134.20. The disclosure for this sale can be found here. Insiders have sold a total of 190,548 shares of company stock worth $22,910,322 over the last three months. Insiders own 0.21% of the company’s stock.
American Express Company Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services to consumers and businesses worldwide. It operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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