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American Express (AXP) Gets a Hold Rating from RBC Capital

RBC Capital analyst Jon Arfstrom maintained a Hold rating on American Express (AXPResearch Report) on April 22 and set a price target of $200.00. The company’s shares closed last Friday at $180.54.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 23.1% and a 57.0% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Provident Financial Services, and Old National Bancorp Capital.

Currently, the analyst consensus on American Express is a Moderate Buy with an average price target of $197.63, implying a 6.6% upside from current levels. In a report issued on April 11, J.P. Morgan also downgraded the stock to Hold with a $200.00 price target.

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American Express’ market cap is currently $136.7B and has a P/E ratio of 18.07.

Based on the recent corporate insider activity of 55 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. Most recently, in February 2022, Anre Williams, the Group Pres., Enterprise Serv. of AXP sold 139,909 shares for a total of $27,536,607.

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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