American Express (NYSE:AXP) Price Target Lowered to $370.00 at Truist Financial

American Express (NYSE:AXP) had its price objective decreased by stock analysts at Truist Financial from $375.00 to $370.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the payment services company’s stock. Truist Financial’s price objective indicates a potential upside of 22.10% from the company’s previous close.

AXP has been the subject of several other research reports. BTIG Research lowered their price target on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and upped their price target for the company from $328.00 to $400.00 in a report on Monday, July 13th. TD Cowen upped their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Barclays raised their target price on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $373.05.

American Express Stock Down 0.7%

AXP stock traded down $2.04 during trading on Wednesday, hitting $303.04. 832,248 shares of the company’s stock traded hands, compared to its average volume of 3,220,548. The firm has a market capitalization of $204.64 billion, a P/E ratio of 18.39, a PEG ratio of 1.33 and a beta of 1.05. American Express has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $334.63 and a two-hundred day simple moving average of $324.64.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter last year, the firm earned $4.08 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express will post 17.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of American Express during the second quarter worth about $14,208,662,000. State Street Corp grew its stake in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Capital World Investors increased its holdings in American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Bank of America Corp DE raised its stake in American Express by 8.4% in the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after buying an additional 614,981 shares in the last quarter. Finally, Norges Bank purchased a new stake in American Express during the 4th quarter worth about $2,464,215,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Company Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.