Barclays Forecasts Strong Price Appreciation for American Express (NYSE:AXP) Stock

American Express (NYSE:AXP) had its price objective boosted by stock analysts at Barclays from $336.00 to $355.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm presently has an “equal weight” rating on the payment services company’s stock. Barclays‘s price objective points to a potential downside of 0.21% from the stock’s current price.

A number of other research firms have also recently issued reports on AXP. Evercore ISI increased their price target on American Express from $330.00 to $365.00 and gave the stock an “in-line” rating in a report on Tuesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, July 14th. DZ Bank cut American Express from a “hold” rating to a “sell” rating in a report on Monday, July 21st. Monness Crespi & Hardt cut American Express from a “buy” rating to a “neutral” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $332.65.

American Express Price Performance

American Express stock opened at $355.76 on Monday. The stock has a market capitalization of $245.06 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.85 and a beta of 1.29. American Express has a 52-week low of $220.43 and a 52-week high of $356.67. The stock’s 50 day moving average price is $327.75 and its two-hundred day moving average price is $303.83. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.69 and a current ratio of 1.61.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.16. The firm had revenue of $18.43 billion for the quarter, compared to analysts’ expectations of $18.03 billion. American Express had a return on equity of 33.41% and a net margin of 14.97%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.49 EPS. American Express has set its FY 2025 guidance at 15.200-15.500 EPS. On average, equities analysts predict that American Express will post 15.33 earnings per share for the current year.

Insider Buying and Selling at American Express

In other news, insider Laureen Seeger sold 61,721 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $297.47, for a total transaction of $18,360,145.87. Following the completion of the sale, the insider directly owned 9,001 shares of the company’s stock, valued at $2,677,527.47. This trade represents a 87.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anna Marrs sold 5,500 shares of the firm’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $310.77, for a total value of $1,709,235.00. Following the sale, the insider directly owned 20,311 shares of the company’s stock, valued at approximately $6,312,049.47. This represents a 21.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,996 shares of company stock worth $85,261,270. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Express

Several large investors have recently made changes to their positions in the business. McGlone Suttner Wealth Management Inc. increased its position in shares of American Express by 1.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock valued at $967,000 after purchasing an additional 29 shares during the last quarter. Bath Savings Trust Co increased its holdings in American Express by 1.1% in the 3rd quarter. Bath Savings Trust Co now owns 2,922 shares of the payment services company’s stock worth $971,000 after acquiring an additional 31 shares during the last quarter. Jamison Private Wealth Management Inc. increased its holdings in American Express by 0.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 4,220 shares of the payment services company’s stock worth $1,402,000 after acquiring an additional 31 shares during the last quarter. Berger Financial Group Inc increased its holdings in American Express by 1.4% in the 3rd quarter. Berger Financial Group Inc now owns 2,232 shares of the payment services company’s stock worth $741,000 after acquiring an additional 31 shares during the last quarter. Finally, Vishria Bird Financial Group LLC increased its holdings in American Express by 2.5% in the 3rd quarter. Vishria Bird Financial Group LLC now owns 1,258 shares of the payment services company’s stock worth $418,000 after acquiring an additional 31 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

About American Express

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.