American Express (NYSE:AXP) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered its American Express price target from $338 to $335 while maintaining a “hold” rating, implying 9.61% upside from the prior close.
• Analyst sentiment remains mixed, with a consensus “hold” rating and an average price target of $364.50; ratings include 12 buys, 16 holds, one strong buy and one sell.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year. Institutional investors own approximately 84.33% of the stock.

American Express (NYSE:AXP) had its price target reduced by investment analysts at TD Cowen from $338.00 to $335.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "hold" rating on the payment services company's stock. TD Cowen's price target points to a potential upside of 9.61% from the company's previous close.

A number of other equities analysts have also recently issued reports on the company. President Capital upped their price objective on American Express from $359.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. The Goldman Sachs Group boosted their target price on American Express from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Monday, July 6th. DZ Bank raised American Express from a "hold" rating to a "buy" rating and set a $375.00 target price for the company in a research note on Thursday, June 18th. BTIG Research reduced their price target on shares of American Express from $315.00 to $230.00 and set a "sell" rating on the stock in a research report on Monday, September 7th. Finally, Royal Bank Of Canada downgraded shares of American Express from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, American Express has a consensus rating of "Hold" and an average price target of $364.50.

American Express Price Performance

AXP stock traded up $1.60 during midday trading on Tuesday, reaching $305.62. The company had a trading volume of 286,557 shares, compared to its average volume of 3,228,898. The firm has a 50-day moving average price of $326.85 and a 200-day moving average price of $324.77. The company has a market capitalization of $206.39 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.29 and a beta of 1.08. American Express has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter last year, the company posted $4.08 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts anticipate 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ridgewood Investments LLC boosted its position in American Express by 13.4% during the 3rd quarter. Ridgewood Investments LLC now owns 3,002 shares of the payment services company's stock valued at $913,000 after buying an additional 355 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in American Express by 112.6% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 6,435 shares of the payment services company's stock worth $1,957,000 after acquiring an additional 3,408 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of American Express by 3.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 7,762 shares of the payment services company's stock valued at $2,360,000 after acquiring an additional 267 shares during the period. Eastern Bank raised its stake in shares of American Express by 0.6% during the third quarter. Eastern Bank now owns 131,034 shares of the payment services company's stock valued at $39,847,000 after acquiring an additional 794 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of American Express by 388.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 34,900 shares of the payment services company's stock valued at $10,613,000 after acquiring an additional 27,751 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Company Profile

American Express Company NYSE: AXP is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.