American Express (NYSE:AXP) Given New $285.00 Price Target at Monness Crespi & Hardt

American Express (NYSE:AXP) had its price objective hoisted by equities researchers at Monness Crespi & Hardt from $275.00 to $285.00 in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the payment services company’s stock. Monness Crespi & Hardt’s price target indicates a potential upside of 13.33% from the stock’s previous close.

Several other brokerages also recently issued reports on AXP. Truist Financial cut their price target on American Express from $350.00 to $343.00 and set a “buy” rating on the stock in a report on Friday, April 4th. Compass Point dropped their target price on shares of American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. cut their target price on shares of American Express from $325.00 to $244.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Robert W. Baird upgraded shares of American Express from an “underperform” rating to a “neutral” rating and set a $265.00 price objective for the company in a report on Friday, March 14th. Finally, Citigroup lowered their target price on American Express from $320.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus target price of $291.57.

American Express Price Performance

Shares of NYSE AXP opened at $251.48 on Monday. The firm has a market capitalization of $176.67 billion, a P/E ratio of 17.95, a PEG ratio of 1.41 and a beta of 1.16. American Express has a one year low of $220.43 and a one year high of $326.28. The company’s fifty day moving average is $272.87 and its two-hundred day moving average is $287.84. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.57 and a current ratio of 1.58.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 17th. The payment services company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.17. American Express had a net margin of 15.36% and a return on equity of 32.65%. The firm had revenue of $16.97 billion during the quarter, compared to the consensus estimate of $17.04 billion. During the same quarter in the previous year, the company posted $3.33 EPS. Analysts forecast that American Express will post 15.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $313.94, for a total value of $4,765,295.26. Following the sale, the insider now owns 23,866 shares of the company’s stock, valued at $7,492,492.04. The trade was a 38.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Angelakis purchased 3,700 shares of the business’s stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $269.89 per share, for a total transaction of $998,593.00. Following the completion of the transaction, the director now directly owns 3,700 shares in the company, valued at approximately $998,593. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Investment Management Corp VA ADV bought a new stake in shares of American Express in the 4th quarter valued at about $29,000. Sellwood Investment Partners LLC acquired a new stake in American Express during the 4th quarter valued at $33,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of American Express in the fourth quarter valued at $33,000. Curio Wealth LLC bought a new position in shares of American Express in the fourth quarter valued at about $37,000. Finally, Nexus Investment Management ULC acquired a new stake in shares of American Express during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.