Company Update (NYSE:AXP): American Express Brings Flavor and Fusion to Houston’s George Bush Intercontinental Airport with the Opening of THE CENTURION® Lounge

[Business Wire] – American Express announced today the opening of The Centurion Lounge in Houston’s George Bush Intercontinental Airport . This marks the second Centurion Lounge location in Texas and seventh in the country. Read more on this. American Express Company (AXP) , currently valued at $57.12B, opened at $60.48. Looking at today’s market, AXP one day range is $60.00 to $61.70 and has traded between $50.27 and $81.66 over the past 12 months. AXP shares are currently priced at 11.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.44x forward p/e ratio. The company pays shareholders $1.16 per share in dividend income per year, for a current yield of 1.86%. In a review of the consensus earnings estimate this quarter, 24 sell-side analysts are looking at $1.93 per share, which would be $0.51 better than the year-ago quarter and a $0.08 sequential increase. The full-year EPS estimate is $5.56, which would be a $0.18 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.33 Billion. If realized, that would be a 0.60% increase over the year-ago quarter. More recently, Compass Point Initiated AXP at Buy (Apr 15, 2016). Previously, Oppenheimer upgraded AXP from Underperform to Perform. The average price target for AXP shares is $67.91, which is 12.29% above where the stock opened this morning. See more in (NYSE:AXP) Similar Articles: Company Update: American Express Company (NYSE:AXP) – American Express Launches Two New Co-Branded Cards with Charles Schwab Stock Update: American Express Company (NYSE:AXP) – SAP Ariba and American Express Team to Streamline Purchase Reconciliation and Compliance Market Update: American Express Company (NYSE:AXP) – WIPP and American Express OPEN Celebrate First-Time Achievement of 5% Federal Contracting Goal for Women-Owned Small Businesses