American Express Company (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts

Shares of American Express Company (NYSE:AXP) have been given an average rating of “Hold” by the twenty-four brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $359.05.

A number of equities analysts have issued reports on AXP shares. Wells Fargo & Company cut their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Bank of America raised their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Morgan Stanley cut their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Loop Capital started coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Finally, Truist Financial cut their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd.

Check Out Our Latest Analysis on American Express

American Express News Summary

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

American Express Stock Down 1.5%

Shares of NYSE AXP opened at $313.76 on Thursday. American Express has a 12-month low of $286.15 and a 12-month high of $387.49. The company has a market cap of $214.09 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.29 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The stock has a fifty day moving average price of $315.03 and a 200 day moving average price of $336.30.

American Express (NYSE:AXPGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.22 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 for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the company 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 17.59 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Hedge Funds Weigh In On American Express

A number of large investors have recently bought and sold shares of AXP. State Street Corp grew its position in American Express by 1.3% in 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 during the last quarter. Fisher Asset Management LLC grew its position in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares during the last quarter. Bank of America Corp DE grew its position in American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after buying an additional 558,533 shares during the last quarter. Capital World Investors grew its position 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 worth $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Finally, Norges Bank acquired a new position in American Express in the fourth quarter worth approximately $2,464,215,000. Institutional investors own 84.33% of the company’s stock.

About American Express

(Get Free Report)

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.

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Analyst Recommendations for American Express (NYSE:AXP)

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