American Express (NYSE:AXP) Price Target Cut to $370.00 by Analysts at Truist Financial

Key Points

• Truist Financial cut American Express’s price target to $370 from $375 while maintaining a “buy” rating, implying approximately 22.1% upside from the stock’s reported $303.04 price.
• Analyst sentiment remains positive overall: American Express has a consensus “Moderate Buy” rating and an average price target of $373.05, with recent upgrades from JPMorgan, Jefferies, and DZ Bank.
• American Express reported quarterly EPS of $4.53, exceeding the $4.41 consensus estimate, while revenue rose 10% year over year to $14.99 billion. Institutional investors own approximately 84.33% of the company’s stock.

American Express (NYSE:AXP) had its price target cut by Truist Financial from $375.00 to $370.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the payment services company's stock. Truist Financial's target price suggests a potential upside of 22.10% from the stock's current price.

Several other analysts have also weighed in on AXP. JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and increased their price target for the company from $328.00 to $400.00 in a report on Monday, July 13th. Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. Morgan Stanley reduced their target price on shares of American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research note on Monday, July 27th. Finally, DZ Bank upgraded shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 target price for the company in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $373.05.

American Express Price Performance

AXP traded down $2.04 during trading hours on Wednesday, hitting $303.04. The company's stock had a trading volume of 832,248 shares, compared to its average volume of 3,220,548. The stock has a market cap of $204.64 billion, a price-to-earnings ratio of 18.39, a P/E/G ratio of 1.33 and a beta of 1.05. The business's 50-day moving average price is $334.63 and its 200-day moving average price is $324.64. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business's revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express will post 17.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Express

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in American Express in the second quarter worth approximately $14,208,662,000. State Street Corp lifted its holdings in shares of American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock worth $13,857,176,000 after buying an additional 11,739,541 shares during the period. Capital World Investors grew its position in shares of American Express by 46.7% during the 4th 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 in the last quarter. Bank of America Corp DE grew its position in shares of American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company's stock worth $2,695,702,000 after buying an additional 614,981 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of American Express during the fourth quarter valued at $2,464,215,000. Institutional investors own 84.33% of the company's stock.

American Express Company Profile

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.

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