KBW Keeps Their Buy Rating on American Express (AXP)

In a report released today, Sanjay Sakhrani from KBW maintained a Buy rating on American Express (AXP – Research Report), with a price target of $360.00. The company’s shares closed yesterday at $301.56.

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According to TipRanks, Sakhrani is a top 100 analyst with an average return of 16.1% and a 71.50% success rate. Sakhrani covers the Financial sector, focusing on stocks such as American Express, Capital One Financial, and Discover Financial Services.

American Express has an analyst consensus of Moderate Buy, with a price target consensus of $292.47, representing a -3.01% downside. In a report released on May 30, Wells Fargo also maintained a Buy rating on the stock with a $350.00 price target.

Based on American Express’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $18.93 billion and a net profit of $2.58 billion. In comparison, last year the company earned a revenue of $17.81 billion and had a net profit of $2.44 billion

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year. Last month, Rafael Marquez, the President of AXP sold 12,000.00 shares for a total of $3,563,160.00.