BTIG Research Increases American Express (NYSE:AXP) Price Target to $324.00

American Express (NYSE:AXP) had its target price boosted by equities researchers at BTIG Research from $285.00 to $324.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the payment services company’s stock. BTIG Research’s price objective points to a potential downside of 4.95% from the stock’s current price.

AXP has been the topic of a number of other research reports. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research note on Friday, April 10th. Evercore set a $345.00 target price on shares of American Express in a research note on Wednesday, April 29th. Loop Capital assumed coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Piper Sandler started coverage on American Express in a report on Monday. They set an “overweight” rating and a $396.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus price target of $365.05.

American Express Stock Performance

Shares of NYSE:AXP opened at $340.86 on Tuesday. The firm has a 50 day moving average of $321.21 and a 200 day moving average of $333.89. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $232.57 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. American Express has a 52 week low of $288.34 and a 52 week high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express will post 17.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of American Express in the 4th quarter valued at $2,464,215,000. Capital World Investors lifted its position in American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in American Express by 350.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company’s stock valued at $373,998,000 after purchasing an additional 961,698 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after purchasing an additional 845,283 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of American Express by 73.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock valued at $438,975,000 after purchasing an additional 616,498 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.