News stories about American Express (NYSE:AXP) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. American Express earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the payment services company an impact score of 45.6067156562358 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
American Express (NYSE AXP) traded up 0.93% during trading on Friday, reaching $86.99. The company had a trading volume of 7,791,555 shares. The stock has a market cap of $76.90 billion, a P/E ratio of 17.84 and a beta of 1.18. American Express has a 12-month low of $59.50 and a 12-month high of $87.78. The firm has a 50-day moving average price of $85.61 and a 200 day moving average price of $81.49.
American Express (NYSE:AXP) last issued its quarterly earnings data on Wednesday, July 19th. The payment services company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. American Express had a net margin of 14.11% and a return on equity of 21.90%. The business had revenue of $8.31 billion during the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts predict that American Express will post $5.74 EPS for the current fiscal year.
American Express announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $4.40 billion in shares. This repurchase authorization allows the payment services company to buy up to 5.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
Several equities analysts have issued reports on the company. Credit Suisse Group reiterated a “sell” rating on shares of American Express in a research report on Wednesday, July 19th. BidaskClub upgraded American Express from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. BMO Capital Markets reiterated a “hold” rating and set a $84.00 target price on shares of American Express in a research report on Thursday, June 1st. Wells Fargo & Company restated a “market perform” rating and issued a $80.00 price target on shares of American Express in a report on Sunday, May 21st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $85.00 price target on shares of American Express in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $86.29.
In other American Express news, insider Paul D. Fabara sold 5,981 shares of American Express stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $85.88, for a total value of $513,648.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kenneth I. Chenault sold 789,503 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $84.62, for a total transaction of $66,807,743.86. Following the completion of the transaction, the chief executive officer now directly owns 889,836 shares in the company, valued at $75,297,922.32. The disclosure for this sale can be found here. Insiders sold a total of 949,387 shares of company stock valued at $80,451,099 in the last quarter. Corporate insiders own 0.67% of the company’s stock.
American Express Company Profile
American Express Company, together with its subsidiaries, is a global services company. The Company’s principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Its segments include the U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
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