$1.45 EPS Expected for American Express Company (AXP)

July 18, 2017 - By Marry Poplack

 $1.45 EPS Expected for American Express Company (AXP)
Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.02, from 0.86 in 2016Q3. It turned negative, as 73 investors sold American Express Company shares while 448 reduced holdings. 116 funds opened positions while 321 raised stakes. 729.39 million shares or 0.53% more from 725.57 million shares in 2016Q3 were reported.
Agf Investments Inc has invested 0% of its portfolio in American Express Company (NYSE:AXP). Haverford Tru Company owns 25,657 shares or 0.05% of their US portfolio. Geode Mngmt Limited Liability stated it has 0.24% in American Express Company (NYSE:AXP). Tocqueville Asset Limited Partnership stated it has 48,194 shares or 0.05% of all its holdings. Farmers And Merchants Invests stated it has 1,346 shares. Cypress Cap Mngmt Lc (Wy) invested in 0% or 400 shares. Bremer Tru Natl Association has invested 0.11% of its portfolio in American Express Company (NYSE:AXP). Suntrust Banks accumulated 173,626 shares. 25,759 were reported by Sandy Spring National Bank & Trust. Supplemental Annuity Collective Trust Of Nj reported 0.53% in American Express Company (NYSE:AXP). Exchange Capital Mgmt stated it has 1,010 shares. Beach Inv Counsel Inc Pa accumulated 0.07% or 8,204 shares. Headinvest Limited Co has invested 1.32% in American Express Company (NYSE:AXP). Howe & Rusling Inc has 0% invested in American Express Company (NYSE:AXP) for 167 shares. Tower Bridge Advsr accumulated 15,963 shares.

Since January 25, 2017, it had 1 buying transaction, and 4 sales for $8.85 million activity. $2.55 million worth of American Express Company (NYSE:AXP) was sold by Cox L Kevin. 3,000 shares valued at $237,720 were sold by Buckminster Douglas E. on Friday, April 28. Another trade for 4,900 shares valued at $377,212 was made by GORDON MARC D on Wednesday, May 24. Brennan John Joseph bought $318,940 worth of stock or 4,000 shares.

Wall Street await American Express Company (NYSE:AXP) to release earnings on July, 19. Analysts forecast EPS of $1.45, down exactly $0.65 or 30.95 % from 2014’s $2.1 EPS. The expected AXP’s profit could reach $1.29 billion giving the stock 14.69 P/E in the case that $1.45 earnings per share is reported. After posting $1.34 EPS for the previous quarter, American Express Company’s analysts now forecast 8.21 % EPS growth. The stock decreased 0.07% or $0.06 on July 17, reaching $85.22. About shares traded. American Express Company (NYSE:AXP) has risen 22.41% since July 18, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

American Express Company (NYSE:AXP) Ratings Coverage

Among 31 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 5 Sell and 16 Hold. Therefore 32% are positive. American Express Company has $95 highest and $54 lowest target. $78.12’s average target is -8.33% below currents $85.22 stock price. American Express Company had 61 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Thursday, April 21 by Macquarie Research. Keefe Bruyette & Woods upgraded American Express Company (NYSE:AXP) on Monday, January 30 to “Outperform” rating. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, June 7. The rating was maintained by Credit Suisse on Tuesday, January 19 with “Underperform”. The rating was upgraded by Guggenheim on Wednesday, April 26 to “”. The firm has “Hold” rating by Topeka Capital Markets given on Monday, November 9. The firm has “Sell” rating by UBS given on Monday, October 26. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 13 with “Buy”. Bank of America upgraded the shares of AXP in report on Thursday, October 20 to “Neutral” rating. The company was upgraded on Monday, January 9 by Bank of America.

American Express Company, together with its subsidiaries, is a global services company. The company has market cap of $76.11 billion. The Company’s principal services and products are charge and credit card products, and travel-related services, which are offered to clients and businesses around the world. It has a 15.44 P/E ratio. The Company’s divisions include the U.S.

More notable recent American Express Company (NYSE:AXP) news were published by: Fool.com which released: “How Risky Is American Express Company?” on June 20, 2017, also Nasdaq.com with their article: “American Express (AXP) Q2 Earnings Set to Beat: Here’s Why” published on July 17, 2017, Economictimes.Indiatimes.com published: “India’s best companies to work for 2017: How American Express is reinventing …” on July 03, 2017. More interesting news about American Express Company (NYSE:AXP) were released by: Fool.com and their article: “Better Buy: American Express vs. Visa” published on July 13, 2017 as well as Fool.com‘s news article titled: “Better Buy: American Express Company vs. MasterCard” with publication date: June 22, 2017.

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