JPMorgan Chase & Co. Cuts American Express (NYSE:AXP) Price Target to $375.00

American Express (NYSE:AXP) had its target price lowered by JPMorgan Chase & Co. from $385.00 to $375.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the payment services company’s stock.

Several other analysts have also issued reports on the stock. Compass Point restated a “neutral” rating and set a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Barclays boosted their target price on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Credit Suisse Group set a $328.00 price target on American Express in a research report on Monday, January 12th. HSBC set a $295.00 price target on shares of American Express and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $425.00 price objective on shares of American Express in a research report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $353.05.

Get Our Latest Stock Analysis on American Express

American Express Stock Performance

NYSE:AXP opened at $353.43 on Monday. The company has a market capitalization of $243.46 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.48 and a beta of 1.14. The business has a 50 day moving average of $368.85 and a 200 day moving average of $344.68. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.68 and a quick ratio of 1.66. American Express has a 1-year low of $220.43 and a 1-year high of $387.49.

American Express (NYSE:AXPGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. During the same period last year, the business posted $3.04 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. 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 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is currently 21.31%.

Hedge Funds Weigh In On American Express

A number of institutional investors have recently bought and sold shares of the stock. Joseph Group Capital Management bought a new position in shares of American Express in the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. grew its stake in American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the period. Manning & Napier Advisors LLC purchased a new stake in American Express in the third quarter worth $27,000. Access Investment Management LLC bought a new position in American Express in the second quarter worth $26,000. Finally, Briaud Financial Planning Inc purchased a new position in American Express during the second quarter valued at $26,000. 84.33% of the stock is owned by institutional investors.

Key Stories Impacting American Express

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

About American Express

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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.

Further Reading

Analyst Recommendations for American Express (NYSE:AXP)

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