Credit Suisse analyst Moshe Orenbuch maintained a Hold rating on American Express (NYSE: AXP) yesterday and set a price target of $96. The company’s shares closed yesterday at $100.74, close to its 52-week high of $102.96.
According to TipRanks.com, Orenbuch is a 5-star analyst with an average return of 14.2% and a 74.9% success rate. Orenbuch covers the Financial sector, focusing on stocks such as Mastercard, Air Lease, and Navient.
American Express has an analyst consensus of Moderate Buy, with a price target consensus of $106.69.
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Based on American Express’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $10.35 billion and net profit of $1.62 billion. In comparison, last year the company earned revenue of $8.38 billion and had a net profit of $1.23 billion.
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American Express Co. engages in the provision of charge and credit card products, and travel-related services. It operates through the following segments: U.S. Card Services (USCS); International Consumer and Network Services (ICNS); Global Commercial Services (GCS); Global Merchant Services (GMS), and Corporate and Other.
