American Express (AXP) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Express in the last year. There are currently 4 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AXP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AXP, but not buy additional shares or sell existing shares.
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17 equities research analysts have issued 1-year price targets for American Express' stock. Their AXP share price forecasts range from $125.00 to $210.00. On average, they anticipate the company's stock price to reach $174.50 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for AXP or view top-rated stocks among Wall Street analysts.

American Express' stock was trading at $147.75 at the beginning of 2023. Since then, AXP stock has increased by 6.4% and is now trading at $157.24.
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American Express saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,650,000 shares, an increase of 5.2% from the April 30th total of 6,320,000 shares. Based on an average daily volume of 3,270,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.9% of the company's stock are sold short.
View American Express' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our AXP earnings forecast.

American Express (NYSE:AXP) released its quarterly earnings results on Thursday, April, 20th. The payment services company reported $2.40 earnings per share for the quarter, missing the consensus estimate of $2.66 by $0.26. The payment services company had revenue of $14.28 billion for the quarter, compared to analysts' expectations of $14.02 billion. American Express had a trailing twelve-month return on equity of 29.44% and a net margin of 13.00%. The company's revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.73 EPS.
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American Express announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Friday, July 7th will be given a dividend of $0.60 per share on Thursday, August 10th. This represents a $2.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, July 6th.
Read our dividend analysis for AXP.

ETFs with the largest weight of American Express (NYSE:AXP) stock in their portfolio include ETFMG Prime Mobile Payments ETF (IPAY), Gabelli Financial Services Opportunities ETF (GABF), BlackRock Future Financial and Technology ETF (BPAY), ALPS Global Travel Beneficiaries ETF (JRNY), Davis Select Financial ETF (DFNL), Nationwide Dow Jones Risk Managed Income ETF (NDJI), First Trust Dow 30 Equal Weight ETF (EDOW) and SPDR Dow Jones Industrial Average ETF Trust (DIA).

American Express (NYSE:AXP) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.53%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AXP will have a dividend payout ratio of 19.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AXP.

American Express announced that its board has authorized a share repurchase plan on Wednesday, March 8th 2023, which permits the company to repurchase 120,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

American Express updated its FY 2023 earnings guidance on Thursday, April, 20th. The company provided earnings per share (EPS) guidance of $11.00-$11.40 for the period, compared to the consensus estimate of $11.10. The company issued revenue guidance of $60.79 billion-$61.85 billion, compared to the consensus revenue estimate of $60.82 billion.

1,437 employees have rated American Express Chief Executive Officer Stephen J Squeri on Glassdoor.com. Stephen J Squeri has an approval rating of 95% among the company's employees. This puts Stephen J Squeri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other American Express investors own include JPMorgan Chase & Co. (JPM), Walt Disney (DIS), Intel (INTC), Visa (V), AT&T (T), NVIDIA (NVDA), Johnson & Johnson (JNJ), Bank of America (BAC), Cisco Systems (CSCO) and Verizon Communications (VZ).

American Express trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXP."

American Express' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.18%), State Street Corp (4.01%), Wellington Management Group LLP (2.96%), Fisher Asset Management LLC (1.72%), Geode Capital Management LLC (1.43%) and Price T Rowe Associates Inc. MD (0.92%). Insiders that own company stock include Anna Marrs, Anre D Williams, Denise Pickett, Douglas E Buckminster, Howard Grosfield, Jeffrey C Campbell, Laureen Seeger, Marc D Gordon, Monique Herena, Quinn Jessica Lieberman, Raymond Joabar, Scott Kessler, Stephen J Squeri, Theodore Leonsis and Walter Joseph Clayton III.
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Shares of AXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AXP stock can currently be purchased for approximately $157.24.

American Express (NYSE:AXP) has a market capitalization of $116.87 billion and generates $52.86 billion in revenue each year. The payment services company earns $7.51 billion in net income (profit) each year or $9.51 on an earnings per share basis.

The company employs 77,300 workers across the globe.

American Express' mailing address is 200 VESEY STREET, NEW YORK NY, 10285. The official website for the company is www.americanexpress.com. The payment services company can be reached via phone at (212) 640-2000, via email at ir@aexp.com, or via fax at 212-640-0404.