American Express (AXP) Receiving Very Positive Press Coverage, Analysis Finds

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Headlines about American Express (NYSE:AXP) have been trending very positive this week, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. American Express earned a news sentiment score of 3.67 on their scale. InfoTrie also assigned media stories about the payment services company an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected American Express’ score:

NYSE AXP opened at $119.07 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.88 and a current ratio of 1.88. American Express has a 52 week low of $89.05 and a 52 week high of $120.35. The stock has a market capitalization of $98.26 billion, a PE ratio of 16.24, a P/E/G ratio of 1.36 and a beta of 1.13.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 18th. The payment services company reported $2.01 EPS for the quarter, topping the consensus estimate of $2.00 by $0.01. American Express had a return on equity of 29.86% and a net margin of 16.60%. The firm had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter last year, the company earned $1.86 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts predict that American Express will post 8.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, July 3rd. American Express’s dividend payout ratio (DPR) is presently 21.28%.

Several research analysts have issued reports on the company. Morgan Stanley raised American Express from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $123.00 to $140.00 in a research report on Thursday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of American Express in a research note on Friday, May 3rd. UBS Group downgraded American Express from a “buy” rating to a “neutral” rating and set a $117.60 price objective on the stock. in a research note on Monday, April 29th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $125.00 price objective (up previously from $115.00) on shares of American Express in a research note on Tuesday, March 12th. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $93.00 price objective on shares of American Express in a research note on Friday, January 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $116.63.

In related news, insider Michael John O’neill sold 15,749 shares of American Express stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $113.94, for a total transaction of $1,794,441.06. Following the sale, the insider now owns 69,941 shares of the company’s stock, valued at approximately $7,969,077.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by company insiders.

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About American Express

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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