Market Update: American Express Company (NYSE:AXP) – WIPP and American Express OPEN Celebrate First-Time Achievement of 5% Federal Contracting Goal for Women-Owned Small Businesses

[Business Wire] – Women Impacting Public Policy and American Express OPEN , celebrate the U.S. Government’s achievement of awarding five percent of its annual federal contracts to women-owned small businesses for the first time since the goal was set more than twenty years ago. Read more on this. American Express Company (AXP) , currently valued at $55.02B, started trading this morning at $56.88. Looking at the stock, its one day range is $56.58 to $57.23 with a trailing 52-week range being $50.27 to $83.54. American Express (AXP) shares are currently priced at 10.35x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 12.48x earnings multiple for the same period. And for income investors, the company pays shareholders $1.16 per share annually in dividends, yielding 2.09%. According to a consensus of 28 analysts, the earnings estimate of $1.34 per share would be $0.14 worse than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $5.49 is a $0.11 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.14 Billion. If realized, that would be a 2.39% increase over the year-ago quarter. Recently, Oppenheimer upgraded AXP from Underperform to Perform (Jan 25, 2016). Previously, Argus downgraded AXP from Buy to Hold. With the above information in mind, readers should note that the average price target is $65.14, which is 14.52% above where the stock opened this morning. See more in (NYSE:AXP) Similar Articles: Market Update: American Express Company (NYSE:AXP) – American Express and the National Trust for Historic Preservation Award More Than $1 Million in Grants to Five National Treasure Sites 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 Cards® Now Accepted at Sam’s Club