American Express Company (NYSE:AXP) Stock Has Average Target Price of $365.63 According to Brokerages

by · The Markets Daily

Shares of American Express Company (NYSE:AXP – Get Free Report) have earned an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $365.63.

Several equities research analysts recently weighed in on AXP shares. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. HSBC raised their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Friday, October 9th. Royal Bank Of Canada reduced their target price on shares of American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Finally, Truist Financial decreased their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd.

Get Our Latest Analysis on American Express

Institutional Investors Weigh In On American Express

Hedge funds and other institutional investors have recently bought and sold shares of the business. Archer Investment Corp purchased a new position in American Express during the second quarter worth $25,000. Elevation Wealth Partners LLC increased its position in American Express by 78.8% during the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after acquiring an additional 41 shares during the last quarter. Frazier Financial Advisors LLC raised its stake in shares of American Express by 66.7% in the first quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after acquiring an additional 40 shares during the period. Evolution Wealth Management Inc. raised its stake in shares of American Express by 58.2% in the first quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 39 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in shares of American Express by 2,550.0% in the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock worth $32,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.6%

AXP stock opened at $318.20 on Wednesday. American Express has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The business’s 50 day moving average price is $320.21 and its two-hundred day moving average price is $325.70. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $214.89 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08.

American Express (NYSE:AXP – Get Free Report) last released its earnings results 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 return on equity of 34.12% and a net margin of 15.07%. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. The firm’s revenue for the quarter 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, analysts forecast that American Express will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s payout ratio is presently 23.06%.

American Express Company Profile

(Get Free Report)

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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