American Express (NYSE:AXP) Price Target Lowered to $315.00 at BTIG Research

American Express (NYSE:AXP) had its price target lowered by research analysts at BTIG Research from $324.00 to $315.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “sell” rating on the payment services company’s stock. BTIG Research’s price target suggests a potential downside of 3.33% from the company’s previous close.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a report on Monday, July 13th. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Benchmark initiated coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Truist Financial raised their price target on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and an average target price of $373.63.

Check Out Our Latest Stock Analysis on American Express

American Express Trading Down 0.1%

Shares of NYSE AXP opened at $325.86 on Monday. American Express has a 1-year low of $288.34 and a 1-year high of $387.49. The company has a 50-day moving average of $332.50 and a two-hundred day moving average of $329.98. The company has a market cap of $222.34 billion, a PE ratio of 19.77, a P/E/G ratio of 1.31 and a beta of 1.04. The company has a current ratio of 1.63, a quick ratio of 1.62 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXPGet Free Report) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express will post 17.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Express

Several hedge funds have recently bought and sold shares of AXP. Keybank National Association OH lifted its holdings in shares of American Express by 3.0% in the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after purchasing an additional 10,495 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after buying an additional 35,533 shares in the last quarter. Country Trust Bank grew its holdings in shares of American Express by 14.0% during the fourth quarter. Country Trust Bank now owns 121,774 shares of the payment services company’s stock worth $45,050,000 after buying an additional 14,931 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in American Express by 6.2% in the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after buying an additional 3,855 shares during the last quarter. Finally, Thames Capital Management LLC lifted its stake in American Express by 189.6% in the 4th quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock valued at $29,767,000 after acquiring an additional 52,679 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

About American Express

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American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.

Further Reading

Analyst Recommendations for American Express (NYSE:AXP)

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