American Express (NYSE:AXP) Price Target Raised to $391.00

American Express (NYSE:AXP) had its price objective boosted by equities research analysts at Bank of America from $387.00 to $391.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the payment services company’s stock. Bank of America‘s price target indicates a potential upside of 16.27% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Evercore set a $380.00 target price on shares of American Express in a research note on Monday. Loop Capital started coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. JPMorgan Chase & Co. cut their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company decreased their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $368.70.

American Express Price Performance

Shares of American Express stock opened at $336.29 on Thursday. The stock has a market cap of $229.46 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. 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 stock has a 50 day moving average price of $324.31 and a 200-day moving average price of $332.29. American Express has a one year low of $288.34 and a one year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express will post 17.65 EPS for the current year.

Hedge Funds Weigh In On American Express

A number of hedge funds have recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. increased its holdings in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new position in shares of American Express during the 4th quarter worth $26,000. Sfam LLC bought a new position in shares of American Express during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the third quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors.

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.