DZ Bank Upgrades American Express (NYSE:AXP) to Buy

American Express (NYSE:AXP) was upgraded by equities research analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a $375.00 price objective on the payment services company’s stock. DZ Bank’s price target would indicate a potential upside of 10.21% from the stock’s current price.

Several other research firms also recently issued reports on AXP. Barclays decreased their price objective on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Bank of America upped their price target on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, BTIG Research reissued a “sell” rating and issued a $285.00 price objective on shares of American Express in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express has an average rating of “Hold” and an average target price of $360.80.

American Express Trading Down 0.1%

Shares of American Express stock opened at $340.25 on Thursday. The firm has a market cap of $232.16 billion, a PE ratio of 21.23, a P/E/G ratio of 1.38 and a beta of 1.06. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The business’s fifty day moving average is $318.05 and its two-hundred day moving average is $335.33.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. The business had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts anticipate that American Express will post 17.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in American Express during the 4th quarter valued at about $26,000. Sfam LLC bought a new position in American Express in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the 4th quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.