American Express (NYSE:AXP) Stock Price Target Raised at JPMorgan Chase & Co.

American Express (NYSE:AXP) had its price target increased by stock analysts at JPMorgan Chase & Co. from $360.00 to $365.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the payment services company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 16.21% from the stock’s current price.

AXP has been the topic of several other reports. HSBC upped their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Loop Capital dropped their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a report on Monday, July 27th. Bank of America lifted their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Guggenheim began coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Barclays decreased their price target on American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.00.

American Express Price Performance

Shares of American Express stock traded up $0.85 on Monday, hitting $314.07. 877,093 shares of the company were exchanged, compared to its average volume of 3,229,578. The stock has a market capitalization of $212.10 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The company has a 50-day moving average price of $318.84 and a 200 day moving average price of $326.09. American Express has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.65 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The firm had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. American Express’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts predict that American Express will post 17.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Express

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of American Express during the second quarter worth approximately $14,208,662,000. State Street Corp lifted its holdings in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Bank of America Corp DE lifted its holdings in shares of 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 worth $2,695,702,000 after purchasing an additional 614,981 shares during the period. Corient Private Wealth LP grew its position in American Express by 492.2% in the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after buying an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in American Express in the 2nd quarter valued at $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.