American Express Company (NYSE:AXP) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• American Express received a consensus “Moderate Buy” rating from 24 analysts, with 12 buys, one strong buy, 10 holds and one sell. The average 12-month price target is $373.32.
• American Express reported quarterly EPS of $4.53, topping the $4.41 consensus estimate, while revenue rose 10% year over year to $19.64 billion, slightly below expectations.
• Institutional investors own 84.33% of the company, and American Express recently declared a quarterly dividend of $0.95 per share, representing a 1.1% annualized yield.

Shares of American Express Company (NYSE:AXP) have been assigned a consensus rating of "Moderate Buy" from the twenty-four research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $373.3158.

A number of research firms have weighed in on AXP. UBS Group decreased their price target on American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Morgan Stanley dropped their price objective on American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research note on Monday, July 27th. Jefferies Financial Group raised American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. Royal Bank Of Canada downgraded shares of American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. Finally, Freedom Capital upgraded shares of American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXP. Strategic Financial Services Inc. acquired a new stake in American Express during the 2nd quarter worth approximately $212,000. First Eagle Investment Management LLC lifted its position in American Express by 1.1% during the second quarter. First Eagle Investment Management LLC now owns 1,680,147 shares of the payment services company's stock worth $568,310,000 after purchasing an additional 17,519 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in shares of American Express by 24.3% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 1,835 shares of the payment services company's stock worth $568,000 after acquiring an additional 359 shares during the period. California State Teachers Retirement System boosted its holdings in shares of American Express by 32,491.3% in the 2nd quarter. California State Teachers Retirement System now owns 269,392,448 shares of the payment services company's stock valued at $91,121,996,000 after purchasing an additional 268,565,871 shares in the last quarter. Finally, Tanager Wealth Management LLP boosted its stake in American Express by 46.0% in the second quarter. Tanager Wealth Management LLP now owns 3,061 shares of the payment services company's stock valued at $1,035,000 after buying an additional 964 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $337.38 on Tuesday. The company's fifty day simple moving average is $343.23 and its 200-day simple moving average is $326.56. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a market cap of $227.84 billion, a PE ratio of 20.47, a P/E/G ratio of 1.36 and a beta of 1.04. American Express has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating 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 business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter last year, the firm earned $4.08 earnings per share. The firm'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. Equities research analysts expect that American Express will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express's payout ratio is presently 23.06%.

American Express Company Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source