Economy

Credit Suisse Group AG Reiterates Sell Rating for American Express Company (AXP)

The firm has "Buy" rating by Janney Capital given on Thursday, September 17. The rating was maintained by Jefferies with "Hold" on Friday, September 22.

Allen Investment Management Llc decreased American Express Co (AXP) stake by 92.48% reported in 2017Q2 SEC filing.

American Express Company, AXP traded at a stock price of $91.38, exhibiting 1113212 shares in volume. Focused Investors Ltd holds 5.83% or 1.63 million shares. American Express had a net margin of 14.11% and a return on equity of 21.90%. (NASDAQ:MSFG) was unchanged +0.00% during the last trading session, with a day high of 36.34. The ratio is calculated by dividing the stock price per share by the book value per share.

American Express declared that its Board of Directors has approved a stock buyback plan on Wednesday, June 28th that authorizes the company to repurchase $4.40 billion in shares. It has outperformed by 5.71% the S&P500. In this case, shares are down -0.52% from $91.64, the 52-week high touched on October 03, 2017, and are keeping their losses at 41.64% for the past 12 months. About 790,361 shares traded. Easton Pharmaceuticals Inc (OTCMKTS:EAPH) has 0.00% since October 6, 2016 and is. It has underperformed by 13.33% the S&P500. The company has market cap of $22.11 million. It has a 18.66 P/E ratio. It operates in three divisions: Asia Pacific, Americas, and Europe, Middle East and Africa. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. Its up 0.04, from 0.78 in 2017Q1. BidaskClub upgraded shares of American Express from a "sell" rating to a "hold" rating in a research report on Tuesday, August 8th.

Several hedge funds have recently added to or reduced their stakes in AXP. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. The FCF Growth of American Express Company (NYSE:AXP) is 0.002414. Caisse De Depot Et Placement Du Quebec has 2.06 million shares. Bridges Investment Counsel has invested 0.05% in American Express Company (NYSE:AXP). Heartland Advisors Inc, a Wisconsin-based fund reported 500,000 shares. Folger Nolan Fleming Douglas Mgmt holds 0.31% or 24,037 shares in its portfolio. 2,392 were accumulated by Cape Ann Retail Bank. After $1.47 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Meiji Yasuda Asset Ltd owns 50,452 shares for 0.43% of their portfolio. The California-based Bennicas Associates Incorporated has invested 1.46% in American Express Company (NYSE:AXP). Earnings per share acts as an indicator of a company's profitability and is considered the single most essential variable in determining the share price of a company. Coastline Tru invested in 0.2% or 12,943 shares. Analysts expect that American Express will post $5.74 EPS for the current fiscal year. Sandy Spring Bank invested in 0% or 69 shares. Hussman Strategic Advisors Inc. boosted its stake in American Express by 3,846.2% in the 1st quarter. It also upped Apollo Invt Corp (NASDAQ:AINV) stake by 222,583 shares and now owns 505,014 shares. Wayfair Inc (NYSE:W) was raised too.

Since April 28, 2017, it had 0 insider purchases, and 2 sales for $614,932 activity. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline. The Price to Cash Flow for American Express Company (NYSE:AXP) is 8.560584.

American Express Company has a consensus hold rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 1.9% of shares outstanding. Therefore 27% are positive. Barclays PLC reissued a "buy" rating and issued a $83.00 target price on shares of American Express in a report on Thursday, July 20th.

American Express Company (NYSE:AXP) presently has a current ratio of 1.96. Jefferies has "Hold" rating and $85 target. The firm has "Buy" rating given on Thursday, July 20 by Oppenheimer. The firm has "Neutral" rating given on Thursday, April 27 by Instinet. The rating was maintained by S&P Research with "Hold" on Monday, September 14. The firm has "Hold" rating by KeyBanc Capital Markets given on Wednesday, August 23. The firm has "Hold" rating given on Thursday, June 1 by BMO Capital Markets.

TRADEMARK VIOLATION WARNING: "Credit Suisse Group AG Reiterates Sell Rating for American Express Company (AXP)" was originally reported by Week Herald and is the property of of Week Herald. Argus Research maintained American Express Company (NYSE:AXP) rating on Thursday, October 22. They expect $-0.06 earnings per share, down 124.00% or $0.31 from last year's $0.25 per share. Compass Diversified Holdings now has $1.08 billion valuation. Finally, Guggenheim reiterated a buy rating and issued a $95.00 target price (up from $90.00) on shares of American Express in a research note on Saturday, July 22nd.

News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MainSource Financial Group, Inc. with MarketBeat.com's FREE daily email newsletter.



Like this

Latest


07 October 2017
Influential Analyst Rating Changes: EQT Midstream Partners, LP (EQM), Meritor, Inc. (MTOR)
The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. EQT Corporation (EQT ) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas.

07 October 2017
Comedian Ralphie May Has Passed Away
May and his wife, Lahna Turner, separated in 2015 after 10 years of marriage. "Ralphie" May died of cardiac arrest in Las Vegas, PEOPLE confirms.

07 October 2017
Analyst Recommendations And Earnings Forecast: Paychex, Inc. (PAYX), Achaogen, Inc. (AKAO)
They now have a $62.00 price objective on the business services provider's stock, up from their prior price objective of $60.00. The business services provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02.

07 October 2017
Wall Street Consensus Watch on Innophos Holdings, Inc. (NASDAQ:IPHS)
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. Principal Financial Group Inc. lifted its stake in PNC Financial Services Group, Inc. (The) in a research note on Wednesday.

07 October 2017
Trump's Access Hollywood tape played on repeat outside White House
At noon today , UltraViolet plans to host a peaceful rally at Lafayette Square Park called the "Rally to Grab Back". The screening began at 9 a.m. local time on Friday morning, and is set to end at 9 p.m.

07 October 2017
IAF capable of confronting Pak, China at same time: Dhanoa
Both countries are major economic and political powers in the region, I expect them to display maturity in resolving the issues. Any decision on surgical strike involving IAF has to be taken by the government, he said further.

07 October 2017
Panel to study problems of border residents
Currently, the central government provides Rs 5 lakh to victims of cross-border firing under an assistance scheme. Over the past few weeks, the neighbouring country has violated the ceasefire along the LoC for a number of times.

07 October 2017
Man faces murder charges in deaths of 2 women over a decade
Two days later, Kansas City firefighters responded to a burning vehicle report and determined the auto belonged to Runions. Prosecutors said they will instead work with Cass County prosecutors on the two counts of murder filed there.

07 October 2017
Godrej Agrovet IPO oversubscribed by 2.33 times on Day-2
Godrej Agrovet earlier this week raised a little over Rs 341 crore from anchor investors. The company has set a price range of Rs 450-460 per equity share for its public offer.

07 October 2017
Valuation Review: Anglogold Ashanti Ltd (AU) and Pier 1 Imports (PIR)
Finally, ValuEngine raised Pier 1 Imports from a "hold" rating to a "buy" rating in a report on Friday, September 15th. Any way you dice it, a dip below $4.06 a share would be very bad news for PIR's technical picture in the near-term.



Recommended