American Express (AXP) is Initiated by JMP Securities to Mkt Perform

American Express (AXP) is Initiated by JMP Securities to Mkt Perform , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of American Express Company (NYSE:AXP) ended Thursday session in red amid volatile trading. The shares closed down 1.14 points or 1.61% at $69.57 with 4,799,731 shares getting traded. Post opening the session at $70.79, the shares hit an intraday low of $69.41 and an intraday high of $70.96 and the price vacillated in this range throughout the day. The company has a market cap of $68,474 million and the number of outstanding shares has been calculated to be 984,245,920 shares. The 52-week high of American Express Company (NYSE:AXP) is $94.89 and the 52-week low is $67.8.

During the last several months other analysts have commented on the company rating. UBS downgrades its view on American Express Company (NYSE:AXP) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. UBS lowers the price target from $81 per share to $67 per share on American Express Company. The rating by the firm was issued on October 26, 2015.

As many as 20 brokerage firms have rated American Express Company (NYSE:AXP) at 2.6. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. 3 rated the company as strong sell. Sell was recommended by 1 analysts. The stock garnered a place in the hold list of 8 stock Analysts. 1 analysts suggested buying the company. 7 analysts rated the company as a strong buy.

American Express Company (NYSE:AXP): The mean estimate for the short term price target for American Express Company (NYSE:AXP) stands at $79.5 according to 14 Analysts. The higher price target estimate for the stock has been calculated at $95 while the lower price target estimate is at $67.

American Express Company has lost 0.77% in the last five trading days and dropped 2.17% in the last 4 weeks. American Express Company has dropped 8.05% during the last 3-month period . Year-to-Date the stock performance stands at -24.19%.

American Express Company is a global services company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses worldwide. The Company operates in four segments: U.S. Card Services, International Card Services, Global Commercial Services (GCS) and Global Network & Merchant Services (GNMS). The U.S. Card Services segment issues a range of card products and services to consumers and small businesses in the United States and provides consumer travel services to card members and other consumers. The International Card Services segment issues consumer and small business cards outside the United States. GCS offers global corporate payment and travel-related products and services to large and mid-sized companies. GNMS operates a global payments network, which processes and settles proprietary and non-proprietary card transactions.