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

American Express (NYSE:AXP) had its price target increased by equities researchers at UBS Group from $340.00 to $386.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the payment services company’s stock. UBS Group’s price objective would indicate a potential upside of 8.55% from the company’s current price.

AXP has been the subject of several other reports. BTIG Research raised their price objective on American Express from $285.00 to $324.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, Bank of America boosted their target price on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $370.35.

American Express Price Performance

Shares of NYSE AXP opened at $355.58 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express has a one year low of $288.34 and a one year high of $387.49. The firm has a market capitalization of $242.63 billion, a P/E ratio of 22.21, a PEG ratio of 1.45 and a beta of 1.04. The company’s fifty day moving average is $322.50 and its two-hundred day moving average is $332.93.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the prior year, the business posted $3.64 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts forecast that American Express will post 17.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Evolution Wealth Management Inc. grew its stake in American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of American Express during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the fourth quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of American Express in the fourth quarter worth $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Company Profile

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.