Investment analysts at Morgan Stanley (NYSE: MS) raised their earnings per share estimates on shares of American Express (NYSE: AXP) in a note issued to investors on Monday. They currently have an “equal weight” rating and a $53.00 price target on the company’s shares.
Separately, analysts at RBC Capital (NYSE: RY) raised their price target on shares of American Express from $42.00 to $45.00 in a research note to investors on Friday, January 20th. They now have an “underperform” rating on the stock. Analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of American Express in a research note to investors on Tuesday, January 17th. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) downgraded shares of American Express from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, January 17th.
American Express Company (American Express) is a global service company The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. American Express Company and its principal operating subsidiary, American Express Travel Related Services Company, Inc. (TRS), are bank holding companies. It is engaged in businesses comprising four reportable operating segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services. Its range of products and services includes charge and credit card products, expense management products and services, consumer and business travel services, stored value products, network services, merchant acquisition and processing, point-of-sale, servicing and settlement, and marketing and information products and services for merchants, and fee services. In November 2010, it acquired Accertify Inc.
Shares of American Express traded down 1.71% during mid-day trading on Monday, hitting $49.00. American Express has a one year low of $41.30 and a one year high of $53.80. The stock’s 50-day moving average is $48.49 and its 200-day moving average is $48.16. The company has a market cap of $57.036 billion and a P/E ratio of 12.10.