American Express (AXP) Getting Favorable Media Coverage, Study Shows

Share on StockTwits

Media coverage about American Express (NYSE:AXP) has trended positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. American Express earned a media sentiment score of 2.82 on their scale. InfoTrie also gave news articles about the payment services company an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted American Express’ ranking:

A number of research analysts recently commented on AXP shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 target price on shares of American Express in a research report on Monday, July 16th. BMO Capital Markets increased their target price on shares of American Express from $103.00 to $106.00 and gave the company a “market perform” rating in a research report on Thursday, July 19th. Oppenheimer set a $113.00 target price on shares of American Express and gave the company a “buy” rating in a research report on Wednesday, July 18th. Royal Bank of Canada reaffirmed a “sell” rating and issued a $87.00 target price on shares of American Express in a research report on Thursday, July 19th. Finally, UBS Group raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $112.70.

American Express stock traded up $2.33 during midday trading on Wednesday, hitting $107.31. 3,606,904 shares of the company’s stock were exchanged, compared to its average volume of 3,575,880. American Express has a 12-month low of $87.54 and a 12-month high of $111.77. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $88.60 billion, a P/E ratio of 18.28, a PEG ratio of 1.40 and a beta of 1.06.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, October 18th. The payment services company reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.11. American Express had a net margin of 9.51% and a return on equity of 31.26%. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.06 billion. During the same period last year, the firm posted $1.50 EPS. American Express’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities analysts expect that American Express will post 7.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be given a dividend of $0.39 per share. This is an increase from American Express’s previous quarterly dividend of $0.35. This represents a $1.56 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, October 4th. American Express’s dividend payout ratio (DPR) is presently 26.58%.

In other news, CFO Scott Murcray bought 350,000 shares of American Express stock in a transaction dated Monday, September 3rd. The stock was bought at an average price of $0.28 per share, for a total transaction of $98,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Ventures Fund Vii L.P. Vivo bought 20,142,123 shares of American Express stock in a transaction dated Thursday, August 30th. The stock was purchased at an average price of $0.17 per share, with a total value of $3,424,160.91. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “American Express (AXP) Getting Favorable Media Coverage, Study Shows” was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://weekherald.com/2018/11/07/american-express-axp-getting-favorable-media-coverage-study-shows.html.

About American Express

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.

Featured Article: Buyback For Investors Defined

Insider Buying and Selling by Quarter for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply