American Express Company with ticker code (AXP) have now 25 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 220 and 146 with the average target price sitting at $185.20. Given that the stocks previous close was at $163.28 and the analysts are correct then we can expect a percentage increase in value of 13.4%. The day 50 moving average is $167.87 while the 200 day moving average is $155.82. The market cap for the company is $121,689m. Company Website: https://www.americanexpress.com
The potential market cap would be $138,025m based on the market consensus.
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company’s products and services also comprise merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, third-party vendors and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
The company has a dividend yield of 1.47% with the ex dividend date set at 5-4-2023 (DMY).
