American Express (NYSE:AXP) Price Target Raised to $386.00

American Express (NYSE:AXP) had its price target boosted by research analysts at UBS Group from $340.00 to $386.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the payment services company’s stock. UBS Group’s price objective suggests a potential upside of 8.55% from the company’s current price.

Several other equities research analysts have also recently issued reports on AXP. Piper Sandler started coverage on American Express in a research note on Monday, June 29th. They set an “overweight” rating and a $396.00 target price for the company. Bank of America upped their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research note on Thursday, June 18th. JPMorgan Chase & Co. decreased their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, The Goldman Sachs Group raised their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $370.35.

American Express Price Performance

American Express stock opened at $355.58 on Tuesday. 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 company has a 50-day moving average price of $322.50 and a 200 day moving average price of $332.93. American Express has a 12-month low of $288.34 and a 12-month high of $387.49. The stock has a market cap of $242.63 billion, a P/E ratio of 22.21, a PEG ratio of 1.45 and a beta of 1.04.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express will post 17.65 earnings per share for the current year.

Institutional Trading of American Express

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of American Express in the 4th quarter valued at about $2,464,215,000. Capital World Investors increased its stake 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 purchasing an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of American Express by 350.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock valued at $373,998,000 after buying an additional 961,698 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after buying an additional 845,283 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in shares of American Express by 73.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after buying an additional 616,498 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.