American Express Company (NYSE:AXP) Receives $373.32 Consensus Target Price from Analysts

American Express Company (NYSE:AXP) has received an average rating of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $373.3158.

AXP has been the topic of several recent analyst reports. Truist Financial increased their target price on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Benchmark started coverage on American Express in a report on Monday, July 13th. They set a “buy” rating for the company. TD Cowen upped their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Evercore set a $370.00 target price on American Express in a research report on Monday, July 27th.

Check Out Our Latest Report on American Express

Institutional Trading of American Express

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of American Express in the 2nd quarter valued at $14,208,662,000. State Street Corp lifted its position in American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after acquiring an additional 369,967 shares during the last quarter. Fisher Asset Management LLC boosted its stake in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after acquiring an additional 141,936 shares in the last quarter. Capital World Investors boosted its stake in American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of American Express by 8.4% during the second 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 purchasing an additional 614,981 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 0.8%

Shares of American Express stock opened at $313.96 on Friday. American Express has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a 50 day moving average of $335.62 and a 200 day moving average of $324.69. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $212.02 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.32 and a beta of 1.05.

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

About American Express

(Get Free Report)

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.

Further Reading

Analyst Recommendations for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.