Company Update: American Express Company (NYSE:AXP) – Leading Culinary Minds Convene to Discuss Technology, Mentorship and Emerging Business Trends at the 27th Annual American Express Restaurant Trade Program

[Business Wire] – Chefs, restaurateurs and leaders in the hospitality industry will converge at the 27th annual American Express Restaurant Trade Program from June 16-19, 2016. An exclusive feature of the FOOD & WINE Classic in Aspen, the program offers a forum for attendees to exchange business ideas and growth strategies, discuss industry trends and fortify relationships with peers. Read more on this. American Express Company (AXP) , with a current value of $60.05B, began trading this morning at $62.53. A quick look at the market, the company’s stock traded between $62.53 and $63.61 with a one year range of $50.27 to $81.92. American Express (AXP) shares are currently priced at 11.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.08x earnings multiple for the same period. The company pays shareholders $1.16 per share annually in dividends, yielding 1.81%. Consensus earnings for the current quarter by the 24 sell-side analysts covering the stock is an estimate of $1.93 per share, which would be $0.51 better than the year-ago quarter and a $0.14 sequential increase. The full-year EPS estimate is $5.57 which would be a $0.19 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.33 Billion. If reported, that would be a 0.60% increase over the year-ago quarter. Recently, Compass Point Initiated AXP at Buy (Apr 15, 2016). Previously, Oppenheimer upgraded AXP from Underperform to Perform. When considering if the stock is under or overvalued, the average price target is $67.13, which is 7.36% above where the stock opened this morning. See more in (NYSE:AXP) Similar Articles: Stock Update: American Express Company (NYSE:AXP) – Hiring Plans on the Rise but Finding the Right Staff is the Biggest Challenge to Growth Since Recession, Says American Express OPEN Small Business Monitor Company Update: American Express Company (NYSE:AXP) – American Express Launches Two New Co-Branded Cards with Charles Schwab 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