Oppenheimer Believes American Express (AXP) Won’t Stop Here

Oppenheimer analyst Dominick Gabriele assigned a Buy rating to American Express (AXP) yesterday. The company’s shares closed yesterday at $112.14, close to its 52-week high of $114.55.

According to TipRanks.com, Gabriele is a 2-star analyst with an average return of 0.7% and a 60.0% success rate. Gabriele covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Santander Consumer USA.

American Express has an analyst consensus of Moderate Buy, with a price target consensus of $110.36, implying a -1.6% downside from current levels. In a report issued on March 4, Stephens also maintained a Buy rating on the stock with a $131 price target.

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American Express’ market cap is currently $94.98B and has a P/E ratio of 14.18. The company has a Price to Book ratio of 4.26.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.

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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: Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services and Corporate & Other.