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AXP

American Express

$95.16

1.29 (1.37%)

07:20
04/19/18
04/19
07:20
04/19/18
07:20

AmEx Q1 EPS appears to be high-water mark for year, says JMP Securities

After American Express reported Q1 EPS that topped the consensus forecast, JMP Securities analyst David Scharf noted that American Express' average quarterly EPS for the remainder of the year is slightly below the Q1 level, even at the high end of management's 2018 guidance. He raised his 2018 EPS estimate to account for the flow-through of Q1 upside and also raised his 2019 estimate based on the increasing momentum in customer engagement. However, he keeps a Market Perform rating on American Express shares, which he views as fairly valued at current levels.

  • 07

    May

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    May

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    May

AXP American Express
$95.16

1.29 (1.37%)

04/05/18
SBSH
04/05/18
INITIATION
Target $110
SBSH
Buy
American Express initiated with a Buy at Citi
Citi analyst Jill Shea started American Express with a Buy rating and $110 price target. "Strong billings momentum should drive strong earnings growth," Shea tells investors in a research note.
04/05/18
04/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Buy at Canaccord and Stifel. 2. Trade Desk (TTD) initiated with an Overweight at Piper Jaffray. 3. Saul Centers (BFS) initiated with a Neutral at B. Riley FBR. 4. Capital One (COF) and American Express (AXP) were initiated with a Buy at Citi while Discover (DFS) and Synchrony (SYF) were initiated with a Neutral. 5. Intel (INTC) initiated with a Buy at UBS while Qualcomm (QCOM) was initiated with a Neutral. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/19/18
PIPR
04/19/18
NO CHANGE
Target $116
PIPR
Neutral
American Express valuation fairly reflects growth profile, says Piper Jaffray
Piper Jaffray analyst Jason Deleeuw expects shares of American Express to rally today given the accelerated Q1 revenue growth, "better-than-feared" provision expense and 2018 outlook raise. The year-over-year comparisons get more difficult going forward, but American Express has strong momentum across its business, Deleeuw tells investors in a post-earnings research note. However, the analyst believes the stock's valuation fairly reflects his expectation for a low-teens earnings growth profile with potential upside limited by higher provisioning expense and a competitive card environment. He lowered his price target for the shares to $116 from $122 and keeps a Neutral rating on American Express.
04/19/18
RBCM
04/19/18
NO CHANGE
Target $86
RBCM
Underperform
American Express price target raised to $86 from $81 at RBC Capital
RBC Capital analyst Jason Arnold raised his price target on American Express to $86 after the company beat on Q1 earnings beat and updated its FY18 outlook to the upper end of its prior guidance. Despite the stronger results however, the analyst remains concerned with the heightened competition, uncertainty around the pending Department of Justice lawsuit, and relative returns. Arnold keeps his Underperform rating on American Express, saying the upside/downside risk on shares is "less exciting".

TODAY'S FREE FLY STORIES

LOW

Lowe's

$85.74

-1.63 (-1.87%)

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LOW

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$85.74

-1.63 (-1.87%)

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SPX

S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

$272.57

-0.69 (-0.25%)

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CLNS

Colony NorthStar

$5.78

-0.09 (-1.53%)

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RMTI

Rockwell Medical

$5.94

-0.06 (-1.00%)

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LEN

Lennar

$50.87

-1.4 (-2.68%)

, CAA

CalAtlantic

$0.00

(0.00%)

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Recommendations
Lennar, CalAtlantic analyst commentary  »

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LEN

Lennar

$50.87

-1.4 (-2.68%)

CAA

CalAtlantic

$0.00

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H

Hyatt

$80.47

-0.725 (-0.89%)

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ABT

Abbott

$61.40

-0.71 (-1.14%)

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JBL

Jabil Circuit

$28.27

0.11 (0.39%)

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SSNC

SS&C

$49.52

-0.47 (-0.94%)

, CBSH

Commerce Bancshares

$65.50

0.11 (0.17%)

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$49.52

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CBSH

Commerce Bancshares

$65.50

0.11 (0.17%)

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AVID

Avid Technology

$5.00

-0.02 (-0.40%)

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VFC

VF Corp.

$80.43

-0.48 (-0.59%)

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PFNX

Pfenex

$6.91

-0.05 (-0.72%)

08:59
05/23/18
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08:59
Syndicate
Pfenex 6.8M share Spot Secondary priced at $5.50 »

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  • 23

    May

TIF

Tiffany

$102.26

-0.96 (-0.93%)

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IGT

International Game

$28.47

-1.28 (-4.30%)

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International Game 18M share Secondary priced at $28.25 »

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TSC

TriState Capital

$27.05

0.2 (0.74%)

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Syndicate
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  • 24

    Sep

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TJX

TJX

$87.50

2.84 (3.35%)

, M

Macy's

$33.12

-1.48 (-4.28%)

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TJX

$87.50

2.84 (3.35%)

M

Macy's

$33.12

-1.48 (-4.28%)

KSS

Kohl's

$60.60

-4.87 (-7.44%)

JCP

J.C. Penney

$2.33

-0.175 (-6.99%)

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  • 24

    May

MU

Micron

$58.95

3.47 (6.25%)

, BAC

Bank of America

$30.89

0.34 (1.11%)

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Options
Notable open interest changes for May 23rd »

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MU

Micron

$58.95

3.47 (6.25%)

BAC

Bank of America

$30.89

0.34 (1.11%)

NXPI

NXP Semiconductors

$115.55

0.84 (0.73%)

CHK

Chesapeake

$4.54

-0.065 (-1.41%)

03/08/13
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  • 30

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SLB

Schlumberger

$73.74

-1.28 (-1.71%)

, EOG

EOG Resources

$123.76

-3.69 (-2.90%)

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UBS to hold a conference »

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SLB

Schlumberger

$73.74

-1.28 (-1.71%)

EOG

EOG Resources

$123.76

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HP

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$70.74

-1.83 (-2.52%)

RRC

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$15.45

-0.63 (-3.92%)

SWN

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$4.66

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TDW

Tidewater

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0.1 (0.32%)

NE

Noble Corp.

$5.86

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HES

Hess Corp.

$63.83

-1.42 (-2.18%)

TUSK

Mammoth Energy

$34.59

-1.27 (-3.54%)

DVN

Devon Energy

$41.82

-0.51 (-1.20%)

ICD

Independence Contract Drilling

$4.89

-0.25 (-4.86%)

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TMO

Thermo Fisher

$217.88

1.2 (0.55%)

08:55
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Thermo Fisher to host analyst meeting »

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  • 23

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CY

Cypress Semiconductor

$16.31

0.2 (1.24%)

08:54
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Initiation
Cypress Semiconductor initiated  »

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  • 29

    May

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    Jun

TOL

Toll Brothers

$39.46

-4.14 (-9.50%)

08:52
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MRVL

Marvell

$21.92

0.5 (2.33%)

08:51
05/23/18
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08:51
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  • 31

    May

IDTI

Integrated Device

$32.49

0.41 (1.28%)

08:50
05/23/18
05/23
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08:50
Initiation
Integrated Device initiated  »

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  • 29

    May

TIF

Tiffany

$102.26

-0.96 (-0.93%)

08:49
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08:49
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Tiffany says it had success in Japan, Europe »

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