Market Update (NYSE:AXP): American Express Introduces Special Offer for the Blue Cash Everyday® Card

[Business Wire] – American Express today announced a new special offer for the Blue Cash Everyday® Card featuring an extra cash back incentive for new Card Members who make purchases at U.S. Read more on this. American Express Company (AXP) , with a current value of $58.31B, opened this morning at $59.55. A quick look at the market, the company’s stock traded between $59.32 and $60.49 with the price of the stock fluctuating between $50.27 to $83.54 over the last 52 weeks. AXP shares are currently priced at 10.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.56x earnings multiple. The company pays shareholders $1.16 per share annually in dividends, yielding 1.95%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.34 per share, which would be $0.14 worse than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.49, which would be a $0.11 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.08 Billion. If realized, that would be a 1.64% increase over the year-ago quarter. More recently, Oppenheimer upgraded AXP from Underperform to Perform (Jan 25, 2016). Previously, Argus downgraded AXP from Buy to Hold. The average price target for AXP shares by the analysts covering it is $63.96, which is 7.41% above where the stock opened. See more in (NYSE:AXP) Similar Articles: Market Update (NYSE:AXP): American Express Files Information on Card Member Loans Held for Sale 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