Will American Express (AXP) Disappoint Again in Q1 Earnings?

Will American Express (AXP) Disappoint Again in Q1 Earnings?

02/14/2017 - American Express Company had its "neutral" rating reiterated by analysts at D.A. Davidson. It also upped Johnson & Johnson (NYSE:JNJ) stake by 3,124 shares and now owns 63,070 shares. State Street Corp now owns 39,668,305 shares of the payment services company's stock worth $2,938,629,000 after buying an additional 3,894,647 shares during the period.

Zacks Investment Research also rated the stock with a value of 2.33. Gilman Hill Asset Management LLC boosted its position in shares of Express Scripts Holding Company by 2.2% in the third quarter. Moreover, Breton Hill Capital Limited has 0.62% invested in American Express Company (NYSE:AXP). Oakworth Capital Inc. now owns 1,802 shares of the company's stock worth $127,000 after buying an additional 10 shares during the last quarter. Independent Advisor Alliance purchased a new position in Express Scripts Holding Company during the fourth quarter valued at approximately $124,000. Finally, TheStreet lowered shares of Express Scripts Holding Company from a "b-" rating to a "c+" rating in a report on Monday, February 6th. In terms of the relative level of interest afforded this stock among active participants in the market, relative volume measures have been strong, indicating enthusiasm for the name by traders, investors, and money managers during the past month of action.

American Express Company has a 50 day moving average of 78.79 and a 200 day moving average of 73.56. There may be various price targets for a stock.

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Currently, the market capitalization of American Express Company (AXP) is 69 Billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. Current year EPS projections for American Express Company (NYSE:AXP) set at $5.63 according to the sentiments of 30 analysts, while its lowest earnings estimates are $5.02 and highest earnings estimates are $5.81. American Express Company had a return on equity of 33.49% and a net margin of 16.63%. AmEx's net income attributable to shareholders fell to $1.21 billion, or $1.34 per share, in quarter ended March 31 from $1.39 billion, or $1.45 per share, a year earlier which included certain subsequently discontinued co-brand partnerships. They expect $-0.27 EPS, down 125.00% or $0.15 from last year's $-0.12 per share. Over the trailing year, the stock is underperforming the S&P 500 by 19.96, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. Equities analysts anticipate that Express Scripts Holding Company will post $6.92 EPS for the current fiscal year.

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01/30/2017 - American Express Company was upgraded to " by analysts at Keefe, Bruyette & Woods. Oppenheimer Holdings Inc. reiterated a "buy" rating on shares of American Express Company in a research note on Thursday, January 12th. On Friday, October 21 Gupta Ashwini sold $9.46 million worth of American Express Company (NYSE:AXP) or 140,808 shares. The company presently has an average rating of "Hold" and a consensus target price of $76.02. On Wednesday, January 25 the insider Cox L Kevin sold $6.01M. The stock was sold at an average price of $70.16, for a total transaction of $165,016.32. Following the acquisition, the director now owns 4,000 shares of the company's stock, valued at $318,960. The transaction was disclosed in a document filed with the SEC, which is available at this link. The biggest holder now is Mr. Kenneth I. Chenault who owns 911,836 shares (0.10% of those outstanding), whilst Mr. Jonathan S. Linen holds 662,912 (0.07% of shares outstanding) and Alfred F. Kelly, Jr holds 418,143 (0.05% of shares outstanding). AXP has a low P/E of 13.6, but that is because earnings have been falling.

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