JPMorgan Chase & Co. Forecasts Strong Price Appreciation for American Express (NYSE:AXP) Stock

Key Points

• JPMorgan raised its American Express price target from $360 to $365 and maintained an “overweight” rating, implying 16.21% potential upside from the prior close.
• Analyst sentiment is broadly positive, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $365, although UBS lowered its target to $345 and assigned a “neutral” rating.
• American Express exceeded quarterly earnings expectations, posting $4.68 in EPS versus the $4.50 consensus estimate, while revenue rose 8.9% year over year to $20.06 billion; institutional investors own 84.33% of the stock.

American Express (NYSE:AXP - Get Free Report) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $360.00 to $365.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the payment services company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 16.21% from the stock's previous close.

A number of other equities research analysts have also weighed in on AXP. UBS Group decreased their target price on American Express from $384.00 to $345.00 and set a "neutral" rating for the company in a research report on Monday, October 5th. BMO Capital Markets assumed coverage on American Express in a research report on Thursday, October 8th. They set an "outperform" rating and a $380.00 price target on the stock. Bank of America raised their price target on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. William Blair restated an "outperform" rating on shares of American Express in a research note on Friday. Finally, Piper Sandler lifted their price objective on American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Express presently has an average rating of "Moderate Buy" and an average price target of $365.00.

American Express Price Performance

Shares of NYSE AXP traded up $0.85 during midday trading on Monday, reaching $314.07. 877,093 shares of the stock traded hands, compared to its average volume of 3,229,578. The company's 50 day moving average is $318.84 and its 200 day moving average is $326.09. American Express has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.65 and a quick ratio of 1.54. The stock has a market capitalization of $212.10 billion, a PE ratio of 17.68, a P/E/G ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, equities research analysts anticipate that American Express will post 17.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in American Express in the 2nd quarter worth $14,208,662,000. State Street Corp lifted its holdings in American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Bank of America Corp DE lifted its holdings in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company's stock valued at $2,695,702,000 after purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP grew its position in shares of American Express by 492.2% in the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company's stock valued at $1,613,890,000 after purchasing an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of American Express in the second quarter valued at about $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

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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