American Express (NYSE:AXP) Price Target Raised to $375.00

American Express (NYSE:AXP) had its target price hoisted by Truist Financial from $360.00 to $375.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the payment services company’s stock. Truist Financial’s price objective indicates a potential upside of 8.97% from the stock’s previous close.

AXP has been the subject of a number of other reports. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. 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. 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 research note on Tuesday, April 28th. JPMorgan Chase & Co. cut their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Express has an average rating of “Hold” and a consensus target price of $361.55.

American Express Trading Up 1.9%

NYSE AXP traded up $6.35 during trading on Wednesday, hitting $344.13. The stock had a trading volume of 424,790 shares, compared to its average volume of 3,392,412. American Express has a one year low of $288.34 and a one year high of $387.49. The stock has a 50 day simple moving average of $320.00 and a 200 day simple moving average of $334.60. The stock has a market capitalization of $234.81 billion, a price-to-earnings ratio of 21.44, a P/E/G ratio of 1.39 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express will post 17.64 earnings per share for the current year.

Institutional Trading of American Express

Hedge funds have recently made changes to their positions in the business. Evolution Wealth Management Inc. lifted its position in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the 4th quarter valued at about $26,000. Sfam LLC purchased a new position in American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express News Roundup

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

• Positive Sentiment: DZ Bank upgraded American Express to Buy from Hold and raised its price target to $375, a fresh bullish signal that may be helping support the stock. Is American Express (AXP) One of Billionaire Mario Gabelli’s Top 12 Dividend Stocks?
• Positive Sentiment: Jim Cramer said American Express is at a “terrific level to buy,” adding to the bullish sentiment around the stock. Jim Cramer Says “This Is a Terrific Level to Buy American Express”
• Positive Sentiment: Several new articles highlighted American Express as a top long-term financial stock and a Buffett-backed name, which may be reinforcing investor confidence. American Express Company (AXP): A Top Financial Stock to Buy According to Warren Buffett
• Neutral Sentiment: American Express announced it will host its second-quarter 2026 earnings webcast on July 24, which is routine corporate disclosure but keeps attention on upcoming results. American Express Plans Live Audio Webcast of Second-Quarter 2026 Earnings Conference Call
• Neutral Sentiment: Coverage about a board appointment to an identity theft nonprofit is unlikely to have a material near-term impact on the stock. Rebecca Carangelo and Diana Rothfuss Appointed to the Identity Theft Resource Center’s Board of Directors
• Negative Sentiment: One article referenced a caller with “Amex debt,” but this is not a company-specific operating issue and appears to have little direct impact on American Express. “I Need to Pay Off the Mafia, So I’ll Go Borrow From the Cartel”

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.