Citigroup Analyst Sees Limited Near-Term Upside For American Express Despite Positive Long-Term Outlook - Here's Why
Citigroup Analyst Sees Limited Near-Term Upside For American Express Despite Positive Long-Term Outlook - Here's Why
Citigroup analyst Keith Horowitz initiated coverage on American Express Co (NYSE:AXP) Monday with a Neutral rating and a price target of $250.
花旗集團分析師Keith Horowitz週一以中立評級和250美元的目標價開始對美國運通(NYSE: AXP)的覆蓋。
American Express has the tenets of an attractive long-term core holding given the combination of an attractive business model in a growth market led by a strong management team, Horowitz said.
Horowitz指出，鑑於在由強大管理團隊領導的增長市場中具有吸引力的業務模式，美國運通具備長期核心持有的要素。
But from a tactical perspective, the analyst did not see outsized near-term upside to warrant a Buy rating, as he noted that the valuation multiple has been set fairly high. The stock is trading lower Tuesday.
但從戰術角度來看，該分析師認爲，並沒有看到過高的短期利潤，這不足以支持買入評級，因爲他注意到估值倍數已經定得相當高了。該股週二交易下跌。
The analyst's EPS estimates are slightly higher than the consensus (VisibleAlpha), but he arrived at them differently. Lower revenue (mostly due to other fees, followed by NII and discount revenue) offset lower expenses, as he noted that American Express has the flexibility to hit its mid-teens EPS growth target in the near/intermediate term.
該分析師的每股收益預測略高於共識（VisibleAlpha），但他的預測方法不同。較低的營業收入（主要是由於其他費用，其次是利息淨收益和折扣收益）抵消了較低的費用，因爲他指出，美國運通有靈活性，在近/中期內實現其中期每股收益增長目標。
Recent reports indicated EBay Inc's (NASDAQ:EBAY) plans to dump American Express cards on its platform due to the exorbitant fees.
最近的報道顯示，由於高額的手續費，eBay Inc.（納斯達克：EBAY）計劃在其平台上擺脫美國運通卡。
In April, American Express reported first-quarter revenue (net of interest expense) growth of 11% year-on-year to $15.80 billion, marginally beating the analyst consensus estimate of $15.79 billion. EPS of $3.33 beat the analyst consensus estimate of $2.95.
4月份，美國運通報告了第一季度營業收入（減去利息費用）同比增長11％至158億美元，略高於分析師共識預期的157.9億美元。每股收益爲3.33美元，超過了分析師預估的2.95美元。
Price Action: AXP shares are trading lower by 2.78% at $225.98 at the last check Tuesday.
價格行動：截至週二最後一次查看，AXP股票收盤下跌2.78％至225.98美元。
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譯文內容由第三人軟體翻譯。