American Express Company (NYSE:AXP) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• American Express has a “Moderate Buy” consensus rating from 24 analysts: 12 recommend buying, 1 strongly recommends buying, 10 rate it a hold, and 1 recommends selling. The average 12-month price target is $373.32.
• Institutional investors and hedge funds own 84.33% of American Express, with several firms recently initiating or increasing positions, including Junto Capital Management and Reynders McVeigh Capital Management.
• In its latest quarter, American Express reported EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $14.99 billion. The stock opened at $311.39, below its 52-week high of $387.49.

American Express Company (NYSE:AXP) has received a consensus rating of "Moderate Buy" from the twenty-four analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $373.3158.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 13th. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a research note on Thursday, June 18th. Bank of America boosted their target price on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. HSBC increased their target price on American Express from $312.00 to $329.00 and gave the company a "hold" rating in a report on Monday, July 13th. Finally, TD Cowen upped their price target on American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research report on Tuesday, July 7th.

Institutional Investors Weigh In On American Express

A number of institutional investors have recently modified their holdings of AXP. Security National Bank of Sioux City Iowa IA acquired a new position in American Express during the second quarter valued at approximately $96,000. Reynders McVeigh Capital Management LLC grew its stake in American Express by 1,439.5% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 58,210 shares of the payment services company's stock valued at $19,690,000 after buying an additional 54,429 shares during the last quarter. Bullseye Investment Management LLC bought a new position in American Express in the 2nd quarter worth $1,141,000. Junto Capital Management LP acquired a new position in American Express during the 2nd quarter worth $104,133,000. Finally, Bouchey Financial Group Ltd. boosted its holdings in American Express by 16.9% during the second quarter. Bouchey Financial Group Ltd. now owns 1,054 shares of the payment services company's stock valued at $357,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

AXP stock opened at $311.39 on Friday. The company has a 50-day simple moving average of $336.43 and a 200 day simple moving average of $324.52. The company has a market capitalization of $210.28 billion, a P/E ratio of 18.89, a PEG ratio of 1.32 and a beta of 1.05. 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 has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. American Express's 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. Sell-side analysts predict that American Express will post 17.68 earnings per share for the current fiscal year.

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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