Barclays Issues Positive Forecast for American Express (NYSE:AXP) Stock Price

American Express (NYSE:AXP) had its price objective upped by investment analysts at Barclays from $322.00 to $364.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the payment services company’s stock. Barclays‘s price objective indicates a potential upside of 2.20% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Loop Capital assumed coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective on the stock. Morgan Stanley cut their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Evercore set a $380.00 price target on American Express in a report on Monday. Wells Fargo & Company lowered their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus price target of $370.80.

American Express Price Performance

Shares of American Express stock opened at $356.18 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The business’s 50 day simple moving average is $322.50 and its two-hundred day simple moving average is $332.93. The stock has a market capitalization of $243.03 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.04. American Express has a one year low of $288.34 and a one year 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. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter last year, the business earned $3.64 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts forecast that American Express will post 17.65 EPS for the current year.

Institutional Trading of American Express

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Evolution Wealth Management Inc. boosted its stake in American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of American Express during the fourth quarter valued at approximately $26,000. Sfam LLC purchased a new position in shares of American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the 3rd quarter worth 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.