Analysts Set American Express Company (NYSE:AXP) Target Price at $373.32

Shares of American Express Company (NYSE:AXP) have received a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the company, Marketbeat.com reports. One 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 twelve-month price target among brokerages that have issued ratings on the stock in the last year is $373.3158.

Several research analysts have recently issued reports on AXP shares. Benchmark initiated coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Thursday, June 18th. Morgan Stanley cut their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Finally, Barclays upped their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th.

American Express Stock Performance

NYSE AXP opened at $334.03 on Tuesday. American Express has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a market capitalization of $225.57 billion, a P/E ratio of 20.27, a PEG ratio of 1.36 and a beta of 1.04. The business has a 50 day moving average price of $342.96 and a 200 day moving average price of $326.13. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is presently 23.06%.

Institutional Investors Weigh In On American Express

A number of large investors have recently bought and sold shares of AXP. California State Teachers Retirement System boosted its stake in shares of American Express by 32,491.3% during the second quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company’s stock valued at $91,121,996,000 after acquiring an additional 268,565,871 shares during the last quarter. BlackRock Inc. acquired a new position in American Express in the 2nd quarter valued at about $14,208,662,000. Norges Bank purchased a new position in American Express in the 4th quarter valued at about $2,464,215,000. Corient Private Wealth LP purchased a new position in American Express in the 2nd quarter valued at about $253,945,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Express during the 2nd quarter worth about $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

About American Express

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.