American Express (NYSE:AXP) PT Raised to $300.00

American Express (NYSE:AXP) had its price objective raised by research analysts at Monness Crespi & Hardt from $265.00 to $300.00 in a report released on Monday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the payment services company’s stock. Monness Crespi & Hardt’s price objective indicates a potential upside of 8.18% from the stock’s current price.

A number of other equities analysts also recently commented on AXP. Compass Point initiated coverage on American Express in a research report on Tuesday, July 16th. They set a “neutral” rating and a $260.00 price objective for the company. Jefferies Financial Group increased their price objective on shares of American Express from $225.00 to $235.00 and gave the company a “hold” rating in a research report on Tuesday, July 9th. Bank of America lifted their price objective on shares of American Express from $263.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Evercore ISI increased their target price on American Express from $275.00 to $290.00 and gave the company an “in-line” rating in a report on Monday, October 7th. Finally, Keefe, Bruyette & Woods raised their price target on American Express from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $242.33.

American Express Price Performance

American Express stock opened at $277.31 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.74. American Express has a 52-week low of $140.91 and a 52-week high of $281.42. The firm has a market cap of $199.47 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.21. The company’s 50 day moving average is $258.39 and its two-hundred day moving average is $242.87.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 19th. The payment services company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.23. American Express had a return on equity of 32.94% and a net margin of 15.53%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.60 billion. During the same period last year, the firm earned $2.89 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts expect that American Express will post 13.14 EPS for the current fiscal year.

Institutional Investors Weigh In On American Express

Several large investors have recently modified their holdings of AXP. Game Plan Financial Advisors LLC increased its stake in American Express by 62.5% in the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock valued at $30,000 after buying an additional 50 shares during the period. Scarborough Advisors LLC acquired a new position in shares of American Express during the fourth quarter worth about $25,000. DHJJ Financial Advisors Ltd. raised its holdings in American Express by 42.2% during the second quarter. DHJJ Financial Advisors Ltd. now owns 165 shares of the payment services company’s stock worth $38,000 after purchasing an additional 49 shares in the last quarter. Riverview Trust Co acquired a new stake in American Express in the first quarter valued at about $38,000. Finally, Creekmur Asset Management LLC purchased a new stake in American Express in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.