Economy

Zacks Investment Research Lowers American Express Company (AXP) to Hold

The portion of a company's profit allocated to each outstanding share of common stock was $2.51 a share in the trailing twelve months. The firm owned 22,770 shares of the payment services company's stock after acquiring an additional 1,657 shares during the quarter. The stock rose 0.72% or $0.62 reaching $86.81 per share. About 1.41M shares traded. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has declined 41.70% since September 15, 2016 and is downtrending. It has underperformed by 17.65% the S&P500.

New York State Teachers Retirement System decreased American Express Co (AXP) stake by 2.47% reported in 2016Q4 SEC filing.

In the most updated research from a number of analysts on Wall Street, the company gets 11 Buys and 3 Sell among 28 analysts. The hedge fund held 700,000 shares of the consumer services company at the end of 2016Q4, valued at $51.86M, down from 875,000 at the end of the previous reported quarter. American Express Company has $102 highest and $54 lowest target. The stock rose 0.42% or $0.22 reaching $52.32 per share. About 250,634 shares traded. The original version of this piece can be read at https://stocknewstimes.com/2017/09/15/bkd-wealth-advisors-llc-has-1-92-million-position-in-american-express-company-axp.html. It has outperformed by 5.71% the S&P500. Sentry Investments Corporation holds 0.35% of its portfolio in American Express Company (NYSE:AXP) for 621,400 shares. Therefore 28% are positive. Barclays PLC reiterated a "buy" rating and set a $83.00 price target on shares of American Express in a research report on Thursday, July 20th. Oppenheimer maintained American Express Company (NYSE:AXP) on Friday, January 22 with "Underperform" rating. The stock of C R Bard Inc (NYSE:BCR) has "Market Perform" rating given on Wednesday, April 26 by Wells Fargo. The stock of Public Storage (NYSE:PSA) has "Equal-Weight" rating given on Tuesday, January 26 by Barclays Capital. The firm has "Equal-Weight" rating given on Friday, September 8 by Morgan Stanley. Keefe Bruyette & Woods has "Buy" rating and $95.0 target. The company was downgraded on Thursday, August 11 by Bank of America. The firm has "Sell" rating given on Friday, January 22 by UBS.

Since April 28, 2017, it had 0 buys, and 2 sales for $614,932 activity. MCF Advisors LLC now owns 1,282 shares of the payment services company's stock worth $101,000 after purchasing an additional 6 shares during the period.

Investors sentiment decreased to 0.58 in Q4 2016. Its up 5.53, from 0.88 in 2016Q3.

Cambria Investment Management L.P. acquired a new position in shares of American Express Company (NYSE:AXP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The payment services company reported $1.47 EPS for the quarter, beating the Zacks' consensus estimate of $1.44 by $0.03. Mraz Amerine Associates holds 0.22% or 9,321 shares in its portfolio. Atwood Palmer holds 0% or 27 shares in its portfolio. Quantum Capital Management Llc Nj owns 349,669 shares or 4.7% of their U.S. portfolio. After $-0.37 actual earnings per share reported by TerraForm Power Inc for the previous quarter, Wall Street now forecasts -37.84% EPS growth. Sandy Spring Bank & Trust has 0.2% invested in American Express Company (NYSE:AXP). Seaward Mgmt Lp owns 52,527 shares. 2,600 are held by Asset Advisors. Farmers National Bank & Trust invested 0.07% in American Express Company (NYSE:AXP). Cornerstone Advisors reported 1,420 shares stake. Palisades Hudson Asset Mngmt Ltd Partnership reported 3,855 shares.

Analysts expect American Express Company (NYSE:AXP) to report $1.47 EPS on October, 18.They anticipate $0.23 EPS change or 18.55% from last quarter's $1.24 EPS. Kings Point Capital Management who had been investing in American Express Co for a number of months, seems to be bullish on the $77.05 billion market cap company. 200 were reported by Monetary Management Gru. Moreover, Panagora Asset Mgmt has 0.31% invested in American Express Company (NYSE:AXP). During the same period in the prior year, the company earned $2.10 earnings per share. The stock has a market capitalization of $76.75 billion, a P/E ratio of 17.807 and a beta of 1.18. On average, analysts expect that American Express will post $5.74 EPS for the current fiscal year. The company was downgraded on Wednesday, January 13 by Goldman Sachs. More interesting news about American Express Company (NYSE:AXP) were released by: Fool.com and their article: "Is the American Express Company's Dividend Safe?" published on August 27, 2017 as well as Seekingalpha.com's news article titled: "Goodbye American Express, Hello Smuckers" with publication date: August 24, 2017.

Investors sentiment increased to 6.41 in 2016 Q4. Its down 0.01, from 0.88 in 2016Q3. It dived, as 44 investors sold BCR shares while 235 reduced holdings. 61 funds opened positions while 163 raised stakes. Motco accumulated 1,746 shares. Gibson Cap Limited Liability Com stated it has 0.08% in The Coca-Cola Co (NYSE:KO). It also reduced Keycorp (NYSE:KEY) stake by 434,820 shares and now owns 986,968 shares. Strs Ohio invested in 3.21 million shares. Hallmark Cap Management Inc reported 53 shares or 0% of all its holdings. First Interstate State Bank has 129,346 shares for 1.89% of their portfolio. Salient Tru Com Lta holds 0.05% or 5,732 shares in its portfolio. Fdx Advisors owns 13,655 shares. Exane Derivatives, a France-based fund reported 18,629 shares. (NYSE:DST). Fincl Counselors Inc holds 2,306 shares. Hillsdale Inv Mngmt has 0% invested in The Coca-Cola Co (NYSE:KO).

Among 18 analysts covering Coca-Cola (NYSE:KO), 7 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. The company was maintained on Thursday, April 21 by Goldman Sachs. Goldman Sachs has "Neutral" rating and $47 target. JP Morgan maintained the shares of TERP in report on Tuesday, September 29 with "Overweight" rating.



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