Evercore ISI analyst John Pancari maintained a Hold rating on American Express (AXP – Research Report) on July 13 and set a price target of $153.00. The company’s shares closed last Thursday at $150.18.
According to TipRanks.com, Pancari is a 3-star analyst with an average return of 1.8% and a 46.5% success rate. Pancari covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Discover Financial Services, and Bread Financial Holdings.
American Express has an analyst consensus of Moderate Buy, with a price target consensus of $174.82, a 18.0% upside from current levels. In a report issued on July 11, Barclays also maintained a Hold rating on the stock with a $157.00 price target.
Based on American Express’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $11.72 billion and net profit of $2.1 billion. In comparison, last year the company earned revenue of $9.45 billion and had a net profit of $2.24 billion.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 1850, American Express Co. is a financial services corporation which provides charge and credit card products, as well as travel-related services worldwide. The company operates through the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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