Economy

Compass Point Downgrades Rating On American Express Company (AXP)

The company has market cap of $14.73 billion. Peoples Financial Services reported 1.39% stake. It has a 17.5 P/E ratio. The Company's divisions include refining, ethanol and Valero Energy Partners LP (VLP). Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company. Therefore 44% are positive.

American Express declared that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that allows the company to buyback $4.40 billion in shares.

Shares are trading at $91.82 which is just over $87.90, the stock's 50 day moving average and which is quite a bit above the 200 day moving average of $82.90.

American Express Company is maintained at an average outperform rating by 30 stock analysts, and there are at least 1.9% of shares outstanding that are now legally short sold. Morgan Stanley lowered their price target on shares of American Express from $90.00 to $89.00 and set an "equal weight" rating on the stock in a research note on Friday, September 8th. UBS has "Sell" rating and $54 target. The firm has " rating by Guggenheim given on Wednesday, April 26. The stock has "Market Perform" rating by JMP Securities on Tuesday, December 22. The company was downgraded on Tuesday, November 15 by Standpoint Research.

July 20 investment analysts at Morgan Stanley made no change to the company rating of "Equal-Weight" and raised the price target to $90.00 from $68.00. Instinet upgraded the stock to "Neutral" rating in Thursday, April 27 report. On Monday, October 3 the stock rating was upgraded by Standpoint Research to "Buy". The institutional investor owned 17,514 shares of the payment services company's stock after selling 2,393 shares during the period. The stock was sold at an average price of $85.88, for a total transaction of $513,648.28.

Analysts await Waste Management, Inc. Buckingham Research began coverage on American Express in a research report on Monday, October 2nd. During the same period in the prior year, the company posted $2.10 earnings per share. After $0.81 actual earnings per share reported by Waste Management, Inc. for the previous quarter, Wall Street now forecasts 8.64% EPS growth. About 994,194 shares traded. It has underperformed by 0.67% the S&P500.

Navellier & Assoc holds 0.29% or 22,800 shares in its portfolio. Shelter Mutual Insurance owns 63,240 shares for 1.63% of their portfolio. The Nebraska-based Westchester Capital Management Inc. has invested 3.98% in the stock. The bigger the return, the more efficient management is in utilizing its asset base.

Ratings analysis reveals 86% of Valero Energy's analysts are positive. Greenwood Gearhart Inc sold 45,413 shares as American Express Co Com (AXP)'s stock declined 3.65%. The firm has "Hold" rating given on Tuesday, May 30 by Jefferies. The stock of Uni Select Inc (TSE:UNS) has "Outperform" rating given on Friday, February 10 by Scotia Capital. They issued a "neutral" rating and a $92.00 target price for the company. Vetr downgraded American Express Company (NYSE:AXP) rating on Monday, August 10. Argus Research maintained the shares of AXP in report on Thursday, October 22 with "Buy" rating. They expect $1.47 earnings per share, up 18.55% or $0.23 from last year's $1.24 per share. VLO's profit will be $699.87M for 12.35 P/E if the $1.57 EPS becomes a reality. Park National Corporation Oh stated it has 0.78% of its portfolio in American Express Company (NYSE:AXP). Compton Cap Ri holds 0.27% in American Express Company (NYSE:AXP) or 7,078 shares. The USCS includes the U.S. Consumer Card Services business and consumer travel services in the United States.

About 2,239 shares traded.

Comerica Bank cut its position in shares of American Express Company (NYSE:AXP) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. It has outperformed by 5.71% the S&P500. Also, insider Susan Sobbott sold 6,000 shares of the firm's stock in a transaction on Thursday, September 7th. It increased, as 55 investors sold AXP shares while 443 reduced holdings. It last reported revenues of $474.8 million and EPS of $0.47 for the June 2017, representing 12% top-line growth and 0.37 EPS growth. Its up 0.04, from 0.78 in 2017Q1. MCF Advisors LLC raised its stake in shares of American Express by 0.5% in the first quarter. Stockholders of record on Friday, October 6th will be issued a dividend of $0.35 per share. Pacifica Capital Investments Llc sold 9,559 shares as American Express Co (AXP)'s stock declined 3.65%. The portion of a company's profit allocated to each outstanding share of common stock was $1.16 a share in the trailing twelve months. The original version of this article can be read at https://www.truebluetribune.com/2017/10/11/comerica-bank-decreases-position-in-american-express-company-axp.html. 7,564 are owned by First Heartland Consultants. Hills Bancshares And holds 4,000 shares or 0.11% of its portfolio. Cetera Ltd Limited Liability Company holds 10,772 shares.

American Express (NYSE:AXP) last posted its earnings results on Wednesday, July 19th. American Express Company (NYSE:AXP) has risen 22.41% since October 12, 2016 and is uptrending. Crestwood Ltd Company has invested 0.02% of its portfolio in American Express Company (NYSE:AXP). Over the last quarter, insiders have sold 959,617 shares of company stock valued at $81,377,425. OppenheimerFunds Inc. now owns 3,627,184 shares of the payment services company's stock worth $286,946,000 after buying an additional 1,038,328 shares during the last quarter. Braun Stacey Associate holds 0.02% or 3,000 shares in its portfolio.

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