[Business Wire] – Today, American Express and the National Trust for Historic Preservation announced a new partnership to help promote and enable the preservation of endangered cultural and historic places across the United States. As the presenting partner of National Treasures, American Express will provide the National Trust with a $2 million grant to help to protect the nation’s architectural, cultural and natural …
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American Express Company (AXP), with a current value of $80.52B, started the session at $73.88.
Shares have traded today between $73.61 and $74.01 per share with the price of the stock fluctuating between $53.02 to $78.63.
AXP shares are currently priced at 15.20x this year’s forecasted earnings,
which makes them relatively inexpensive compared to the industry’s 18.60x earnings multiple.
And for income investors, the company pays shareholders $0.92 per share annually in dividends, yielding 1.20% .
Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $1.22 per share, which would be $0.13 better than the year-ago quarter but a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $4.87, which would be $0.47 better when compared to the last year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.22 Billion. If realized, that would be a 4.58% increase over the year-ago quarter.
In terms of ratings, Barclays downgraded (AXP) from Overweight to Equal Weight (Jun 14, 2013).
Previously, Stifel Nicolaus downgraded (AXP) from Buy to Hold. Argus upgraded (AXP) from Hold to Buy.
The average price target for AXP shares by the analysts covering it is $79.27, which is 7.30% above where the stock opened.
American Express Company (NYSE:AXP), provides charge and credit payment card products and travel-related services to customers worldwide. The companys product portfolio consists of charge and credit card products, expense management products, services and much more.
Tag Helper ~ Stock Code: AXP | Common Company name: American Express | Full Company name: American Express Company (NYSE:AXP) .