American Express (NYSE:AXP – Get Free Report) had its price objective upped by stock analysts at UBS Group from $345.00 to $346.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the payment services company’s stock. UBS Group‘s price objective would indicate a potential upside of 5.49% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Loop Capital decreased their price objective on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a report on Monday, July 27th. BTIG Research dropped their target price on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a report on Monday, September 7th. The Goldman Sachs Group lifted their price target on American Express from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Piper Sandler boosted their price target on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Barclays decreased their price target on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.
View Our Latest Stock Report on AXP
American Express Stock Performance
NYSE AXP traded up $8.89 during trading hours on Monday, reaching $328.00. The stock had a trading volume of 3,258,993 shares, compared to its average volume of 3,227,884. The stock has a fifty day moving average of $317.18 and a 200 day moving average of $326.44. The stock has a market cap of $219.94 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. American Express has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58.
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. During the same period in the prior year, the firm earned $4.14 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Sell-side analysts predict that American Express will post 17.88 earnings per share for the current year.
Hedge Funds Weigh In On American Express
A number of large investors have recently bought and sold shares of AXP. BlackRock Inc. acquired a new stake in American Express in the second quarter valued at approximately $14,208,662,000. State Street Corp raised its stake in shares of American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after buying an additional 11,739,541 shares during the period. Bank of America Corp DE raised its stake in shares of American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after buying an additional 614,981 shares during the period. Corient Private Wealth LP lifted its position in shares of American Express by 492.2% during the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after buying an additional 3,965,582 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of American Express during the 2nd quarter valued at approximately $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.
American Express Company Profile
American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.
The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.
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