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Main » American Express profit falls 13 percent, but tops forecasts

American Express profit falls 13 percent, but tops forecasts

20 April 2017

The stock has recent support above $76.50, and resistance below $79.50. Vetr lowered shares of American Express Company from a hold rating to a sell rating and set a $71.74 price target for the a report on Wednesday, December 21st. Jefferies Group LLC set a $88.00 price target on shares of Express Scripts Holding Company and gave the company a "buy" rating in a report on Saturday, March 18th.

01/20/2017 - American Express Company had its " rating reiterated by analysts at Credit Suisse. It has been assigned a low target price of $20 and a high target price of $30. Evercore has "Hold" rating and $81 target. AXP has a low P/E of 13.6, but that is because earnings have been falling.

American Express Company has a 50 day moving average of 78.79 and a 200 day moving average of 73.56. The stock appeared -17.41% below its 52-week highs and is down -1.21% for the last five trades.

Among 28 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 6 Sell and 12 Hold. The company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.01.

The TTM operating margin is 24.7%.

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Revenues fell 2.5% from previous year to $7.89 billion, also beating analysts' view for $7.76 billion. However a year ago for the same quarter the company has reported $1.45 EPS. Archford Capital Strategies LLC now owns 2,157 shares of the company's stock valued at $148,000 after buying an additional 1,216 shares in the last quarter.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was stolen and republished in violation of US & global copyright & trademark legislation. Stockholders of record on Friday, April 7th will be issued a $0.32 dividend. A change of -1.15% in the price clearly indicates a strong asset performance for the corporation, bearing in mind the total returns from its investment and dividends or distributions obtained from the investment. Sun Life invested 0% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX).

The New York-based company said it earned $1.24 billion in the quarter, down from $1.43 billion in the same period a year earlier. Vanguard Group Inc is the second biggest holder with 49 million shares now valued at 3.61 B million whilst State Street Corp has 40 million shares valued at 2.94 B million. The institutional investor owned 210,040 shares of the payment services company's stock after selling 126,501 shares during the period. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Joseph Brennan purchased 4,000 shares of the business's stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $77.93, for a total transaction of $2,550,337.18. Following the completion of the sale, the senior vice president now directly owns 11,287 shares in the company, valued at $791,895.92. The stock of American Express Company (NYSE:AXP) earned "Equal-Weight" rating by Morgan Stanley on Thursday, April 21.

Want to see what other hedge funds are holding ESRX?

Campbell has said in mid-January, after AmEx's fourth-quarter results, that earnings and revenue would be "uneven" in 2017. American Express Company's revenue was down 4.4% compared to the same quarter past year. The stock showed weekly upbeat performance of 1.49%, which was maintained for the month at 12.17%. Oakworth Capital Inc. boosted its position in shares of Express Scripts Holding Company by 0.6% in the third quarter. American Express Company had 48 analyst reports since July 23, 2015 according to SRatingsIntel. The USCS includes the U.S. Consumer Card Services business and consumer travel services in the United States.

American Express profit falls 13 percent, but tops forecasts