American Express (NYSE:AXP) Given New $355.00 Price Target at Barclays

Key Points

• American Express's price target was raised by Barclays from $336.00 to $355.00, indicating a potential upside of 2.47% from its previous close.
• In its most recent earnings report, American Express reported $4.14 EPS, exceeding analyst estimates of $3.98, with a revenue of $18.43 billion for the quarter.
• The company is currently rated as a "Hold" by the majority of analysts, with nine ratings for "Buy," fourteen for "Hold," and two for "Sell".

American Express (NYSE:AXP) had its price target upped by research analysts at Barclays from $336.00 to $355.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the payment services company's stock. Barclays's target price indicates a potential upside of 2.47% from the stock's previous close.

Other analysts also recently issued reports about the stock. Monness Crespi & Hardt downgraded shares of American Express from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of American Express from $371.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, July 21st. DZ Bank cut American Express from a "hold" rating to a "sell" rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods upped their price target on shares of American Express from $371.00 to $394.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of American Express in a report on Monday, July 14th. Nine equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $327.30.

American Express Stock Up 7.2%

Shares of NYSE:AXP opened at $346.45 on Monday. The firm has a market capitalization of $241.09 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.81 and a beta of 1.29. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.71. The stock has a 50 day moving average price of $325.64 and a 200-day moving average price of $302.66. American Express has a 52-week low of $220.43 and a 52-week high of $349.19.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.16. The company had revenue of $18.43 billion for the quarter, compared to analyst estimates of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 earnings per share. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. As a group, equities research analysts anticipate that American Express will post 15.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Vice Chairman Douglas E. Buckminster sold 23,505 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $326.37, for a total transaction of $7,671,326.85. Following the completion of the sale, the insider directly owned 123,613 shares in the company, valued at approximately $40,343,574.81. The trade was a 15.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anna Marrs sold 5,500 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $310.77, for a total transaction of $1,709,235.00. Following the completion of the transaction, the insider owned 20,311 shares in the company, valued at $6,312,049.47. The trade was a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,996 shares of company stock valued at $85,261,270 over the last ninety days. 0.20% of the stock is owned by insiders.

Institutional Trading of American Express

Several hedge funds have recently bought and sold shares of the stock. Access Investment Management LLC bought a new position in shares of American Express in the second quarter worth approximately $26,000. Briaud Financial Planning Inc bought a new stake in American Express during the 2nd quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC raised its stake in American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company's stock valued at $29,000 after purchasing an additional 59 shares during the period. MorganRosel Wealth Management LLC purchased a new position in American Express in the 1st quarter worth approximately $29,000. Finally, Chung Wu Investment Group LLC bought a new position in American Express in the 2nd quarter worth approximately $37,000. Institutional investors own 84.33% of the company's stock.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.

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