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.

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