Market Update (NYSE:AXP): American Express Files Information on Card Member Loans Held for Sale

[Business Wire] – Today American Express Company furnished with the U.S. Securities and Exchange Commission its monthly Current Report on Form 8-K containing the delinquency and write-off statistics for the U.S. Read more on this. American Express Company (AXP) , with a current value of $61.92B, began trading this morning at $62.03. Today’s price range has been between $61.50 and $63.05 per share with the price of the stock fluctuating between $61.50 to $87.72 over the last 52 weeks. Priced at 11.99x this year’s forecasted earnings, AXP shares are relatively inexpensive compared to the industry’s 16.02x forward p/e ratio. The company pays shareholders $1.16 per share annually in dividends, yielding 1.82%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $1.13 per share, which would be $0.09 worse than the year-ago quarter and a $0.14 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.28 would be a $0.11 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.29 Billion. If reported, that would be a 1.19% decrease over the year-ago quarter. Recently, DA Davidson Initiated AXP at Neutral (Jan 13, 2016). Previously, Goldman downgraded AXP from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $78.54, which is 26.62% above where the stock opened this morning. See more in (NYSE:AXP) Similar Articles: Stock Update: American Express Company (NYSE:AXP) – American Express Will Bring Apple Pay to Card Members in Key Global Markets Company Update: American Express Company (NYSE:AXP) – American Express Offers New Hilton HHonors Status Benefit to Platinum Card Members Stock Update: American Express Company (NYSE:AXP) – American Express and Starwood Hotels & Resorts Launch New Travel Benefits for Starwood Preferred Guest® (SPG®) Credit Card Members