American Express Receives Moderate Buy Rating Amid Analyst Disagreement
American Express Company (NYSE:AXP) has received a consensus rating of 'Moderate Buy' from twenty-four analysts covering the company, according to Marketbeat.com. This rating reflects the varied opinions among the analysts who have issued reports on American Express in the last year.
Twelve analysts have given the stock a buy rating, one has issued a strong buy rating, and ten have assigned a hold rating. Only one research analyst has given the stock a sell rating. The average 12-month price target among brokers is $373.31.
A number of equities research analysts have recently issued reports on American Express. DZ Bank raised shares from a 'hold' rating to a 'buy' rating, setting a price objective of $375.00 for the company. Bank of America boosted its target price on shares of American Express from $387.00 to $391.00 and gave the company a 'buy' rating.
Institutional investors have also made changes to their holdings in American Express. Reynders McVeigh Capital Management LLC grew its stake in the payment services company by 1,439.5% in the second quarter, now owning 58,210 shares valued at $19,690,000.