Credit Suisse Gives American Express (AXP) $84.0 Target; Crestpoint Capital Management Cut Its Veeva Systems (VEEV) Stake

December 7, 2017 - By Kurt Siggers

Among 34 analysts covering American Express Company (NYSE:AXP), 10 have Buy rating, 4 Sell and 20 Hold. Therefore 29% are positive. American Express Company has $106 highest and $54 lowest target. $85.40’s average target is -13.46% below currents $98.68 stock price. American Express Company had 85 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was initiated by Evercore with “Hold” on Thursday, August 20. The firm has “Underweight” rating by Atlantic Securities given on Friday, September 9. UBS downgraded American Express Company (NYSE:AXP) rating on Monday, October 26. UBS has “Sell” rating and $67 target. The firm earned “Buy” rating on Friday, September 22 by Keefe Bruyette & Woods. The firm has “Sell” rating given on Thursday, October 19 by Credit Suisse. The rating was upgraded by Vetr to “Hold” on Friday, August 21. The firm has “Hold” rating by Jefferies given on Monday, May 1. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, October 13. The company was maintained on Thursday, October 19 by Jefferies. The firm has “Equal-Weight” rating given on Thursday, April 21 by Morgan Stanley.

Crestpoint Capital Management Llc decreased Veeva Systems (VEEV) stake by 64.15% reported in 2017Q2 SEC filing. Crestpoint Capital Management Llc sold 17,000 shares as Veeva Systems (VEEV)’s stock rose 37.51%. The Crestpoint Capital Management Llc holds 9,500 shares with $582,000 value, down from 26,500 last quarter. Veeva Systems now has $7.79 billion valuation. The stock increased 2.55% or $1.375 during the last trading session, reaching $55.375. About 1.55M shares traded or 29.37% up from the average. Veeva Systems Inc. (NYSE:VEEV) has risen 114.93% since December 7, 2016 and is uptrending. It has outperformed by 98.23% the S&P500.

Since June 8, 2017, it had 0 insider buys, and 4 sales for $3.15 million activity. Another trade for 4,375 shares valued at $253,154 was made by Cabral Timothy S on Thursday, June 15. $479,494 worth of stock was sold by Mateo Alan on Wednesday, June 14. $173,657 worth of Veeva Systems Inc. (NYSE:VEEV) was sold by CODD RONALD E F.

Crestpoint Capital Management Llc increased Selective Insur (NASDAQ:SIGI) stake by 8,800 shares to 19,500 valued at $976,000 in 2017Q2. It also upped Facebook Inc (NASDAQ:FB) stake by 3,500 shares and now owns 28,800 shares. Kinder Morgan (NYSE:KMI) was raised too.

Among 14 analysts covering Veeva Systems (NYSE:VEEV), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Veeva Systems had 44 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Buy” rating by Canaccord Genuity on Monday, August 21. JP Morgan maintained the shares of VEEV in report on Friday, May 27 with “Overweight” rating. The firm has “Buy” rating by Needham given on Friday, August 25. The rating was maintained by Citigroup with “Neutral” on Tuesday, August 23. On Friday, May 26 the stock rating was upgraded by Bank of America to “Buy”. The firm earned “Market Perform” rating on Wednesday, August 24 by Raymond James. KeyBanc Capital Markets maintained the stock with “Buy” rating in Sunday, November 12 report. Canaccord Genuity maintained the stock with “Buy” rating in Friday, May 27 report. As per Wednesday, November 25, the company rating was maintained by Deutsche Bank. The stock of Veeva Systems Inc. (NYSE:VEEV) earned “Neutral” rating by Bank of America on Friday, June 17.

Investors sentiment increased to 1.76 in 2017 Q2. Its up 0.79, from 0.97 in 2017Q1. It is positive, as 24 investors sold VEEV shares while 83 reduced holdings. 99 funds opened positions while 89 raised stakes. 94.85 million shares or 2.55% less from 97.33 million shares in 2017Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) reported 33,850 shares. Cibc Asset reported 4,300 shares. Pictet Asset Mgmt Ltd owns 32,300 shares. Tower Research (Trc) has invested 0% in Veeva Systems Inc. (NYSE:VEEV). Texas-based Ranger Inv Management Lp has invested 0% in Veeva Systems Inc. (NYSE:VEEV). Ww Asset Mngmt stated it has 0.01% in Veeva Systems Inc. (NYSE:VEEV). Fmr Ltd has 0.03% invested in Veeva Systems Inc. (NYSE:VEEV). State Of Wisconsin Board invested 0.03% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). California State Teachers Retirement Systems owns 195,489 shares. Cipher Cap Ltd Partnership owns 26,247 shares for 0.13% of their portfolio. Geode Cap Ltd Liability holds 0.02% or 861,510 shares in its portfolio. New York State Common Retirement Fund reported 1.58 million shares or 0.13% of all its holdings. Parametric Portfolio Assoc Ltd Liability Company owns 83,625 shares. Creative Planning reported 0% of its portfolio in Veeva Systems Inc. (NYSE:VEEV). Japan-based Mitsubishi Ufj And Corporation has invested 0.03% in Veeva Systems Inc. (NYSE:VEEV).

Analysts await American Express Company (NYSE:AXP) to report earnings on January, 18. They expect $1.55 EPS, up 70.33% or $0.64 from last year’s $0.91 per share. AXP’s profit will be $1.35B for 15.92 P/E if the $1.55 EPS becomes a reality. After $1.50 actual EPS reported by American Express Company for the previous quarter, Wall Street now forecasts 3.33% EPS growth.

Investors sentiment increased to 0.82 in 2017 Q2. Its up 0.04, from 0.78 in 2017Q1. It is positive, as 55 investors sold American Express Company shares while 443 reduced holdings. 104 funds opened positions while 306 raised stakes. 715.61 million shares or 0.88% less from 722.00 million shares in 2017Q1 were reported. Cap One Natl Association holds 15,863 shares. Finemark Bancorporation Tru invested in 0.08% or 13,125 shares. Foyston Gordon And Payne has invested 3% in American Express Company (NYSE:AXP). Front Barnett Associate Ltd Llc holds 1.79% or 116,806 shares. Security National Com holds 0.1% or 3,560 shares. Checchi Capital Advisers Ltd Liability Co holds 0.06% or 6,053 shares. Mutual Of America Ltd Liability Corp stated it has 0.13% in American Express Company (NYSE:AXP). 1.21M are owned by Renaissance Lc. State Bank Hapoalim Bm holds 0.12% in American Express Company (NYSE:AXP) or 5,954 shares. Advantus Mngmt holds 0.17% in American Express Company (NYSE:AXP) or 75,775 shares. Umb Bank & Trust N A Mo stated it has 24,855 shares. Ngam Advsr Ltd Partnership reported 404,685 shares. Pettee Invsts Inc owns 15,000 shares for 1.12% of their portfolio. Veritable Ltd Partnership reported 0.08% of its portfolio in American Express Company (NYSE:AXP). 19,400 are held by Bennicas And Assocs.

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