American Express (AXP) Lifted to “Buy” at Nomura

American Express (NYSE:AXP) was upgraded by Nomura from a “neutral” rating to a “buy” rating in a research report issued on Monday, MarketBeat.com reports. The firm currently has a $108.00 price target on the payment services company’s stock. Nomura’s price target would suggest a potential upside of 14.21% from the company’s previous close.

A number of other brokerages also recently commented on AXP. Zacks Investment Research downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. downgraded shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday, January 12th. Sandler O’Neill reiterated a “buy” rating on shares of American Express in a research note on Wednesday, January 17th. Barclays set a $119.00 target price on shares of American Express and gave the stock an “equal weight” rating in a research note on Thursday, January 11th. Finally, BMO Capital Markets restated a “hold” rating and issued a $103.00 price objective on shares of American Express in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. American Express presently has an average rating of “Hold” and a consensus price target of $102.68.

American Express (NYSE:AXP) opened at $94.56 on Monday. The company has a market cap of $82,080.00, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 3.11, a current ratio of 2.37 and a quick ratio of 1.90. American Express has a 12 month low of $75.51 and a 12 month high of $102.39.

American Express (NYSE:AXP) last issued its earnings results on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.04. The firm had revenue of $8.84 billion during the quarter, compared to the consensus estimate of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.07%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. sell-side analysts forecast that American Express will post 7.13 EPS for the current year.

In other news, insider James Peter Bush sold 13,356 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $98.65, for a total value of $1,317,569.40. Following the completion of the sale, the insider now directly owns 100,790 shares of the company’s stock, valued at $9,942,933.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ashwini Gupta sold 57,306 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $95.04, for a total transaction of $5,446,362.24. The disclosure for this sale can be found here. Insiders sold 326,110 shares of company stock valued at $31,858,001 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Large investors have recently made changes to their positions in the company. Capital Analysts LLC purchased a new stake in shares of American Express in the second quarter valued at about $115,000. Zions Bancorporation raised its holdings in American Express by 912.9% during the third quarter. Zions Bancorporation now owns 1,337 shares of the payment services company’s stock worth $121,000 after purchasing an additional 1,205 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in American Express during the fourth quarter worth about $128,000. Westside Investment Management Inc. raised its holdings in American Express by 0.5% during the second quarter. Westside Investment Management Inc. now owns 1,536 shares of the payment services company’s stock worth $129,000 after purchasing an additional 8 shares in the last quarter. Finally, WFG Advisors LP raised its holdings in American Express by 38.8% during the second quarter. WFG Advisors LP now owns 1,568 shares of the payment services company’s stock worth $132,000 after purchasing an additional 438 shares in the last quarter. 83.37% of the stock is owned by institutional investors and hedge funds.

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American Express Company Profile

American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).

Analyst Recommendations for American Express (NYSE:AXP)

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