William Blair research analysts have forecasted an increased EPS estimate for FY2021 for American Express (NYSE: AXP) on 16th June, Wednesday. R. Napoli, an analyst from William Blair, now thinks that the firm’s EPS will be $7.67.
Stock Commentary On AXP
Several research analysts have issued their reports on AXP stock. Deutsche Bank Aktiengesellschaft increased its target price to $158 from $131 while issuing a rating of “buy” on 26th April, Monday. Wells Fargo & Company increased its price target to $185 from $165 while issuing a rating of “overweight” on 7th June, Monday. Barclays increased its objective price to $146 from $139 while issuing a rating of “equal weight” on 26th April, Monday. Zacks Investment Research decreased its rating to “sell” from “hold” while giving a target price of $138 on 22nd February, Monday. Oppenheimer increased its price target to $165 from $128 while issuing a rating of “outperform” on 26th April, Monday.
On Thursday, AXP stock opened at a value of $164.68. The market capitalization value stands at $132.29 with a 1.30 beta. The moving average over a period of 50 days stands at $155.91. The current and quick ratios are 1.51 and 1.51 respectively. The highest and lowest value over a period of one year currently stands at $167.14 and $89.11 respectively.
The latest data on the company’s quarterly earnings were published on 22nd April, Thursday. An EPS of $2.74 was reported, topping the consensus $1.61 estimate. There was also an 18.49% equity return and a 14.29% net margin. The revenue reported stood at $9.06Bn. In the same quarter last year, an EPS of $0.41 was reported.
Mark Sheptoff Financial Planning LLC, Annapolis Financial Sevices LLC, Geo Capital Gestora de Recursos Ltd, Baron Silver Stevens Financial Advisors LLC, and GPS Wealth Strategies Group LLC all boosted their shares of AXP stock.