BMO Capital analyst James Fotheringham reiterated a Hold rating on American Express (AXP) on January 18 and set a price target of $114. The company’s shares closed on Friday at $100.48.
According to TipRanks.com, Fotheringham is a 5-star analyst with an average return of 12.0% and a 70.1% success rate. Fotheringham covers the Financial sector, focusing on stocks such as Focus Financial Partners Inc, Discover Financial Services, and Credit Acceptance Corp.
Currently, the analyst consensus on American Express is a Moderate Buy with an average price target of $111.09, a 10.6% upside from current levels. In a report issued on January 7, Credit Suisse also maintained a Hold rating on the stock with a $93 price target.
See today’s analyst top recommended stocks >>
Based on American Express’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $11.31 billion and net profit of $1.99 billion. In comparison, last year the company earned revenue of $9.42 billion and had a GAAP net loss of $1.2 billion.
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.
American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: Global Consumer Services Group (GCSG); Global Commercial Services (GCS); Global Merchant and Network Services (GMNS); and Corporate and Other.
