American Express Company (NYSE:AXP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

American Express Company (NYSE:AXP) has earned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $373.05.

A number of equities analysts recently commented on AXP shares. Barclays increased their price objective on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. HSBC increased their price target on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, TD Cowen raised their price target on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th.

Hedge Funds Weigh In On American Express

Institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. raised its stake in shares of American Express by 36.8% in the 2nd quarter. QRG Capital Management Inc. now owns 124,017 shares of the payment services company’s stock valued at $45,382,000 after acquiring an additional 33,342 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in American Express by 49.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 32,440 shares of the payment services company’s stock worth $10,973,000 after purchasing an additional 10,781 shares during the period. Envestnet Asset Management Inc. boosted its position in American Express by 62.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,219,787 shares of the payment services company’s stock worth $412,593,000 after purchasing an additional 470,791 shares during the period. State Street Corp grew its holdings in American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Finally, Silicon Valley Capital Partners grew its holdings in American Express by 14.9% during the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after purchasing an additional 5,365 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of NYSE AXP opened at $308.61 on Friday. The business’s 50-day moving average price is $331.43 and its two-hundred day moving average price is $324.53. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express has a one year low of $290.97 and a one year high of $387.49. The company has a market capitalization of $208.41 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate of $4.41 by $0.12. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts anticipate that American Express will post 17.67 earnings per share for the current fiscal year.

About American Express

American Express Company is a global payments and financial services company that provides payment products, services and experiences to consumers, businesses and institutions. Its offerings include credit and charge cards, consumer and commercial payment solutions, business financing, deposit products and expense-management tools.

The company also operates a global payments network connecting cardmembers, merchants and financial institutions. Through its merchant services business, American Express supports payment acceptance and provides data-driven marketing and customer-engagement solutions.