American Express (NYSE:AXP) Stock Rating Upgraded by Piper Sandler

American Express (NYSE:AXP) was upgraded by Piper Sandler to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

AXP has been the subject of several other reports. Evercore set a $345.00 price objective on shares of American Express in a report on Wednesday, April 29th. The Goldman Sachs Group lifted their target price on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Truist Financial upped their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, Barclays lowered their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $365.05.

American Express Stock Down 0.8%

Shares of AXP stock opened at $338.15 on Monday. The stock’s 50 day simple moving average is $321.34 and its 200 day simple moving average is $333.62. American Express has a twelve month low of $288.34 and a twelve month high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a market capitalization of $230.73 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.41 and a beta of 1.06.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the prior year, the business earned $3.64 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts predict that American Express will post 17.64 EPS for the current year.

Hedge Funds Weigh In On American Express

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in American Express in the 4th quarter valued at $2,464,215,000. Capital World Investors increased its holdings in shares of American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of American Express by 350.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock worth $373,998,000 after purchasing an additional 961,698 shares during the period. Ameriprise Financial Inc. raised its position in shares of American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of American Express by 73.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock valued at $438,975,000 after buying an additional 616,498 shares during the period. Institutional investors own 84.33% of the company’s stock.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express announced that U.S. card members can now redeem Membership Rewards points directly in Apple Pay checkout, expanding everyday points usage and potentially improving cardholder loyalty and spend. Amex and Apple Pay Enable Users to Pay With Points
• Positive Sentiment: Analysts and market commentary highlighted American Express as a stock worth watching, with bullish write-ups citing resilient lending programs and the company’s credit performance metrics as signs of stable asset quality. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Neutral Sentiment: BTIG raised its price target on American Express but kept a sell rating, signaling mixed analyst sentiment rather than a clear bullish catalyst. American Express price target raised by BTIG Research
• Neutral Sentiment: American Express is also building a stablecoin and blockchain partnerships team, which suggests long-term innovation efforts but is too early to have a clear near-term earnings impact. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000

American Express Company Profile

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.