BTIG Research Reiterates Sell Rating for American Express (NYSE:AXP)

American Express (NYSE:AXP)‘s stock had its “sell” rating reaffirmed by equities research analysts at BTIG Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $285.00 price target on the payment services company’s stock. BTIG Research’s price target points to a potential downside of 15.06% from the stock’s previous close.

Several other analysts also recently commented on the company. Evercore set a $345.00 target price on American Express in a research note on Wednesday, April 29th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. Morgan Stanley reduced their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $359.05.

American Express Stock Performance

Shares of AXP opened at $335.55 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm’s fifty day simple moving average is $316.53 and its two-hundred day simple moving average is $335.66. The stock has a market capitalization of $228.96 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.06. American Express has a 12 month low of $288.34 and a 12 month high of $387.49.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express will post 17.59 EPS for the current year.

Hedge Funds Weigh In On American Express

A number of hedge funds and other institutional investors have recently modified their holdings of AXP. Evolution Wealth Management Inc. boosted its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express in the 4th quarter worth approximately $26,000. Sfam LLC purchased a new position in shares of American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express in the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

More American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express announced a $700 million acquisition of TheFork, expanding its European dining network and strengthening its premium experiences strategy. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: The deal builds on AmEx’s earlier investments in Resy and Tock, reinforcing its efforts to drive card usage and customer retention through dining and travel perks. Amex Looks to Spend $700 Million to Buy TheFork From Tripadvisor
• Neutral Sentiment: The acquisition is expected to close by late 2026, so the financial impact will take time to materialize and still depends on regulatory approvals. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Neutral Sentiment: American Express also rolled out other travel and sports-related benefits, including updated Delta SkyMiles perks and a Fanatics partnership, which supports the company’s broader premium value proposition. American Express Targets Travelers And Sports Fans While Shares Trade Below Estimates

About American Express

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.