JPMorgan Chase & Co. Issues Pessimistic Forecast for American Express (NYSE:AXP) Stock Price

Key Points

• JPMorgan lowered its American Express price target from $400 to $360 while maintaining an “overweight” rating, implying about 15.3% upside from the stock’s current price.
• Analyst views remain mixed, but the consensus rating is “Moderate Buy,” with an average price target of $365.63; targets range from $230 to $386 among recently cited firms.
• American Express shares rose 1.3% to $312.32, while institutional ownership stands at a substantial 84.33%. The company recently exceeded quarterly EPS expectations, though reported revenue fell short of consensus estimates.

American Express (NYSE:AXP) had its target price reduced by JPMorgan Chase & Co. from $400.00 to $360.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the payment services company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 15.27% from the stock's current price.

A number of other research analysts also recently weighed in on the company. BTIG Research decreased their price target on American Express from $315.00 to $230.00 and set a "sell" rating for the company in a research note on Monday, September 7th. HSBC increased their price target on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a report on Monday, July 13th. Loop Capital reduced their target price on shares of American Express from $389.00 to $386.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Evercore set a $320.00 price objective on American Express in a report on Thursday, October 1st. Finally, Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Express currently has an average rating of "Moderate Buy" and an average price target of $365.63.

American Express Stock Up 1.3%

AXP traded up $4.15 during trading on Monday, hitting $312.32. The company had a trading volume of 787,944 shares, compared to its average volume of 3,235,199. The company has a market capitalization of $210.91 billion, a PE ratio of 18.95, a PEG ratio of 1.33 and a beta of 1.08. The firm's 50-day moving average price is $324.50 and its 200 day moving average price is $325.04. American Express has a one year low of $290.97 and a one year high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

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, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%. The company had revenue of $14.99 billion during the quarter, compared to analysts' expectations of $19.70 billion. During the same period in the prior year, the firm earned $4.08 earnings per share. American Express's revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express will post 17.67 earnings per share for the current year.

Institutional Investors Weigh In On American Express

A number of institutional investors have recently made changes to their positions in AXP. BlackRock Inc. purchased a new stake in shares of American Express during the second quarter worth $14,208,662,000. State Street Corp boosted its position in shares of American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares during the last quarter. Bank of America Corp DE lifted its position 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 during the last quarter. Corient Private Wealth LP purchased a new position in American Express in the second quarter worth $253,945,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of American Express in the 2nd quarter worth about $1,263,787,000. Institutional investors own 84.33% of the company's stock.

About American Express

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.

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