Stock Insights on American Express Company (NYSE:AXP)

[Business Wire] American Express Company (NYSE:AXP), Meetings &Events 2015 Global Meetings Forecast (“the Forecast”), meetings are expected to play a critical role in a return to business fundamentals in 2015, a trend which should help drive the long-term health of the industry. Following a period of economic recovery for the meetings industry as well as new budget pressures in 2014, 2015 meeting budgets are likely to show positive movement, either through growth or less of a decline than was seen previously. This is due to powerful drivers, such as compliance, global expansion, and standardized processes that can help to reduce risk and elevate the visibility and strategic importance of meetings programs within companies.Stock PerformanceTaking a look at the company’s recent performance, American Express Company (AXP) reported second quarter earnings for fiscal year 2014 on July 29^th 2014. The company reported actual earnings per share of $1.43 against the consensus Street estimate of $1.38.This represents year over year growth of 11.59%. American Express posted revenue of $8.66 billion against estimates of $8.66 billion. American Express is currently valued at $87.08 billion and closed the last trading session at $82.78. The stock has a 50-day moving average of $88.52 and a 200-day moving average of $90.14.

Is this a Buying Opportunity?There are currently eighteen analysts that we track that cover the stock. Of those eighteen, eight have Buy rating, eight have a hold rating and two have sell rating. On a consensus basis this yields a score of 2.33 and a Hold. The combined price objective of these covering analysts is $95.50, which represents a 9.09% upside difference to the last closing price.The most recent analyst activity consisted of Zacks Reiterated their rating with neutral stance on the company. Zacks has a price target of $93.00 which represents an upside of 5.31% from the last closing price. On the date of the report, the stock closed at $88.31. Another research firm weighing in recently was Macquarie who reiterating rating their underperform stance on the stock. On July 30^th 2014 Macquarie upgraded their price target on the stock $91.00 to 92.00 a 1.20% upside to the current price. On the day of the report, AXP shares closed at $90.91.Company Profile American Express Company (NYSE:AXP), together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. The company operates through four segments: U.S. Card Services, International Card Services, Global Commercial Services, and Global Network & Merchant Services. Its product portfolio consists of charge and credit card products; expense management products and services; consumer and business travel services; stored value/prepaid products; network services; merchant acquisition and processing, and servicing and settlement, as well as point-of-sale, marketing, and information products and services for merchants; and fee services, including fraud prevention services, and the design of customer loyalty and rewards programs.