Analysts See $1.75 EPS for American Express Company (AXP)

September 15, 2018 - By Margaret Guttierez

American Express Company (NYSE:AXP) LogoInvestors sentiment increased to 0.84 in Q2 2018. Its up 0.03, from 0.81 in 2018Q1. It increased, as 54 investors sold American Express Company shares while 436 reduced holdings. 94 funds opened positions while 320 raised stakes. 696.30 million shares or 0.07% more from 695.82 million shares in 2018Q1 were reported.
First Financial Bank Of Hutchinson has 0.19% invested in American Express Company (NYSE:AXP) for 3,126 shares. Pioneer Tru Retail Bank N A Or holds 3,270 shares. 1.33 million were accumulated by Eaton Vance Mngmt. Hilton Cap Limited Co owns 0.22% invested in American Express Company (NYSE:AXP) for 14,220 shares. Private Tru Com Na reported 7,178 shares. Riverhead Capital Mgmt Ltd Liability has invested 0.16% in American Express Company (NYSE:AXP). Wms Prtnrs Ltd Liability Com invested 0.1% of its portfolio in American Express Company (NYSE:AXP). Essex Management Limited Liability Company has 0.07% invested in American Express Company (NYSE:AXP). Motco has 2,855 shares for 0.03% of their portfolio. Alps Advsr holds 214,881 shares or 0.14% of its portfolio. Tarbox Family Office Inc invested 0.02% of its portfolio in American Express Company (NYSE:AXP). 12,818 were reported by Coastline Tru Com. Silvercrest Asset Management Grp Limited reported 0.11% stake. Mycio Wealth Partners Ltd Liability holds 0.04% or 4,077 shares. Wealthtrust Axiom Llc has invested 0.23% in American Express Company (NYSE:AXP).

Since April 19, 2018, it had 0 buys, and 7 selling transactions for $10.95 million activity. Petrino Richard sold $1.02 million worth of stock. Cox L Kevin sold $5.07 million worth of stock or 50,412 shares. Squeri Stephen J also sold $1.23 million worth of American Express Company (NYSE:AXP) shares.

Analysts expect American Express Company (NYSE:AXP) to report $1.75 EPS on October, 17.They anticipate $0.25 EPS change or 16.67 % from last quarter’s $1.5 EPS. AXP’s profit would be $1.51 billion giving it 15.65 P/E if the $1.75 EPS is correct. After having $1.84 EPS previously, American Express Company’s analysts see -4.89 % EPS growth. The stock increased 0.83% or $0.9 during the last trading session, reaching $109.56. About 3.00M shares traded. American Express Company (NYSE:AXP) has risen 24.64% since September 16, 2017 and is uptrending. It has outperformed by 9.02% the S&P500.

American Express Company (NYSE:AXP) Ratings Coverage

Among 14 analysts covering American Express (NYSE:AXP), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. American Express had 17 analyst reports since March 27, 2018 according to SRatingsIntel. The firm has “Sell” rating by RBC Capital Markets given on Thursday, April 19. As per Wednesday, April 18, the company rating was maintained by Piper Jaffray. As per Tuesday, March 27, the company rating was initiated by UBS. The stock has “Buy” rating by Oppenheimer on Thursday, April 12. Bernstein maintained American Express Company (NYSE:AXP) rating on Thursday, April 19. Bernstein has “Buy” rating and $12000 target. As per Thursday, April 19, the company rating was maintained by Susquehanna. The stock of American Express Company (NYSE:AXP) earned “Equal-Weight” rating by Barclays Capital on Thursday, April 19. The firm has “Hold” rating by Jefferies given on Wednesday, April 11. BMO Capital Markets maintained it with “Market Perform” rating and $106 target in Thursday, July 19 report. Guggenheim maintained the shares of AXP in report on Thursday, April 19 with “Hold” rating.

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to clients and businesses worldwide. The company has market cap of $94.34 billion. It operates through four divisions: U.S. It has a 28.92 P/E ratio. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

More recent American Express Company (NYSE:AXP) news were published by: Seekingalpha.com which released: “American Express Company (AXP) Presents at Barclays Global Financial Services Conference (Transcript)” on September 12, 2018. Also 247Wallst.com published the news titled: “6 Most Important Things in Business Today” on September 06, 2018. Seekingalpha.com‘s news article titled: “American Express: Is This The Time To Sell?” with publication date: September 11, 2018 was also an interesting one.

American Express Company (NYSE:AXP) Institutional Positions Chart

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