BTIG Research Raises American Express (NYSE:AXP) Price Target to $324.00

American Express (NYSE:AXP) had its target price lifted by research analysts at BTIG Research from $285.00 to $324.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the payment services company’s stock. BTIG Research’s price objective points to a potential downside of 4.95% from the company’s previous close.

Several other brokerages also recently weighed in on AXP. Barclays cut 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. Bank of America boosted their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. dropped their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Finally, Royal Bank Of Canada set a $415.00 price target on American Express in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $365.05.

American Express Stock Up 0.1%

AXP stock opened at $340.86 on Tuesday. The firm’s fifty day simple moving average is $321.21 and its 200-day simple moving average is $333.89. The company has a market capitalization of $232.57 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. American Express has a 12 month low of $288.34 and a 12 month high of $387.49.

American Express (NYSE:AXP) last issued 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 firm had revenue of $14.21 billion during 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 firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts forecast that American Express will post 17.64 earnings per share for the current year.

Institutional Investors Weigh In On American Express

Several hedge funds have recently modified their holdings of AXP. Evolution Wealth Management Inc. increased its stake 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 valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in American Express in the 4th quarter worth about $26,000. Sfam LLC purchased a new position in American Express during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express during the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express in the third quarter valued at approximately $28,000. 84.33% of the stock is owned by hedge funds and other 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.