American Express (NYSE:AXP) Stock Price Target Raised at UBS Group

Key Points

• UBS raised its American Express price target from $345 to $346 while maintaining a “neutral” rating, implying 5.49% upside from the reported $328 share price.
• Analyst sentiment remains broadly positive: American Express has a consensus “Moderate Buy” rating and an average price target of $365.22, with targets ranging as high as $410.
• American Express reported quarterly EPS of $4.68, beating estimates of $4.50, while revenue rose 8.9% year over year to $20.06 billion. Institutional investors own 84.33% of the company’s stock.

American Express (NYSE:AXP - Get Free Report) had its target price upped by equities research analysts at UBS Group from $345.00 to $346.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the payment services company's stock. UBS Group's target price would indicate a potential upside of 5.49% from the company's current price.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their target price on American Express from $360.00 to $365.00 and gave the stock an "overweight" rating in a report on Monday, October 26th. The Goldman Sachs Group increased their target price on American Express from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Monday, July 6th. Guggenheim assumed coverage on American Express in a report on Monday, July 13th. They issued a "buy" rating on the stock. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, Citigroup decreased their price objective on American Express from $340.00 to $335.00 and set a "neutral" rating for the company in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Express has a consensus rating of "Moderate Buy" and an average price target of $365.22.

American Express Stock Up 2.8%

NYSE:AXP traded up $8.89 during mid-day trading on Monday, reaching $328.00. The company's stock had a trading volume of 3,258,993 shares, compared to its average volume of 3,227,884. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express has a 1 year low of $290.97 and a 1 year high of $387.49. The stock has a fifty day moving average of $317.18 and a 200-day moving average of $326.44. The firm has a market capitalization of $219.94 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating analysts' consensus estimates of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. During the same quarter last year, the firm posted $4.14 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities research analysts forecast that American Express will post 17.88 earnings per share for the current year.

Hedge Funds Weigh In On American Express

Several institutional investors and hedge funds have recently bought and sold shares of AXP. Quadcap Wealth Management LLC raised its position in shares of American Express by 11.6% in the 3rd quarter. Quadcap Wealth Management LLC now owns 1,328 shares of the payment services company's stock valued at $404,000 after purchasing an additional 138 shares during the last quarter. Platform Technology Partners grew its position in American Express by 1.9% during the 3rd quarter. Platform Technology Partners now owns 3,256 shares of the payment services company's stock worth $990,000 after purchasing an additional 62 shares during the last quarter. Schmidt P J Investment Management Inc. acquired a new position in American Express during the 3rd quarter valued at approximately $4,664,000. Pathway Financial Advisers LLC increased its stake in American Express by 8.9% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,659 shares of the payment services company's stock valued at $1,417,000 after purchasing an additional 381 shares in the last quarter. Finally, Bfsg LLC raised its holdings in shares of American Express by 0.6% in the third quarter. Bfsg LLC now owns 20,145 shares of the payment services company's stock worth $6,126,000 after buying an additional 119 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

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