American Express (NYSE:AXP) Upgraded at DZ Bank

American Express (NYSE:AXP) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a $375.00 price target on the payment services company’s stock. DZ Bank’s price target would suggest a potential upside of 10.21% from the company’s current price.

Other equities analysts also recently issued reports about the company. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group raised their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Evercore set a $345.00 price objective on shares of American Express in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. cut 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 note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $360.80.

American Express Price Performance

Shares of AXP opened at $340.25 on Thursday. The firm has a market capitalization of $232.16 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.38 and a beta of 1.06. The firm’s fifty day simple moving average is $318.05 and its 200-day simple moving average is $335.33. American Express has a twelve month low of $288.34 and a twelve month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last posted 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the company posted $3.64 earnings per share. American Express’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. Equities analysts forecast that American Express will post 17.6 EPS for the current fiscal year.

Institutional Investors Weigh In On American Express

Hedge funds have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. boosted its position 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 in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express during the 4th quarter worth approximately $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.