JPMorgan Chase & Co. Issues Pessimistic Forecast for American Express (NYSE:AXP) Stock Price

American Express (NYSE:AXP) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $400.00 to $360.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the payment services company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 15.27% from the company’s current price.

A number of other analysts have also recently commented on the company. HSBC boosted their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Truist Financial reduced their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. President Capital upped their price objective on American Express from $359.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Morgan Stanley set a $380.00 price target on shares of American Express and gave the stock an “equal weight” rating in a research report on Monday. Finally, Benchmark started coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $365.63.

American Express Trading Up 1.3%

Shares of NYSE:AXP traded up $4.15 on Monday, hitting $312.32. The company had a trading volume of 787,944 shares, compared to its average volume of 3,235,199. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express has a 1 year low of $290.97 and a 1 year high of $387.49. The firm’s 50-day simple moving average is $324.50 and its two-hundred day simple moving average is $325.04. The firm has a market capitalization of $210.91 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 period in the previous year, the firm posted $4.08 EPS. The business’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express will post 17.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Express

A number of hedge funds have recently made changes to their positions in AXP. Archer Investment Corp bought a new stake in American Express in the second quarter worth $25,000. Lifetime Wealth Management P.C. purchased a new stake in American Express during the fourth quarter valued at $33,000. Elevation Wealth Partners LLC raised its stake in American Express by 78.8% during the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after purchasing an additional 41 shares in the last quarter. Cedar Mountain Advisors LLC raised its stake in American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in American Express during the second quarter valued at $33,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

About American Express

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.