American Express (NYSE:AXP) Upgraded by JPMorgan Chase & Co. to Overweight Rating

American Express (NYSE:AXP) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Monday,Benzinga reports. The firm presently has a $400.00 price target on the payment services company’s stock, up from their prior price target of $328.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 14.12% from the company’s current price.

AXP has been the topic of a number of other research reports. The Goldman Sachs Group upped their price objective on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. UBS Group raised their target price on American Express from $340.00 to $386.00 and gave the company a “neutral” rating in a report on Tuesday, July 7th. TD Cowen upped their price target on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company reduced their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Express presently has an average rating of “Moderate Buy” and an average price target of $374.15.

American Express Price Performance

Shares of AXP opened at $350.52 on Monday. American Express has a twelve month low of $288.34 and a twelve month high of $387.49. The stock’s 50 day moving average is $325.61 and its two-hundred day moving average is $331.86. The firm has a market capitalization of $239.17 billion, a PE ratio of 21.87, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

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 analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express will post 17.67 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of American Express by 1.3% during the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after buying an additional 141,936 shares during the period. Bank of America Corp DE lifted its stake in shares of American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after buying an additional 558,533 shares during the period. Capital World Investors boosted its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares during the last quarter. Finally, Norges Bank acquired a new stake in American Express during the fourth quarter worth approximately $2,464,215,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

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.