American Express (NYSE:AXP) Stock Price Expected to Rise, Evercore ISI Analyst Says

American Express (NYSE:AXP) had its price target hoisted by investment analysts at Evercore ISI from $315.00 to $344.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “in-line” rating on the payment services company’s stock. Evercore ISI’s price target would suggest a potential upside of 8.44% from the stock’s previous close.

A number of other analysts also recently commented on the company. Compass Point boosted their target price on American Express from $315.00 to $325.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. UBS Group increased their price objective on shares of American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. TD Cowen lifted their target price on shares of American Express from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. William Blair reiterated an “outperform” rating on shares of American Express in a research report on Monday. Finally, Morgan Stanley lifted their price objective on American Express from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $291.50.

Get Our Latest Analysis on AXP

American Express Price Performance

Shares of NYSE AXP opened at $317.24 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.63 and a current ratio of 1.63. American Express has a one year low of $199.07 and a one year high of $326.27. The firm has a market capitalization of $223.48 billion, a P/E ratio of 23.34, a PEG ratio of 1.51 and a beta of 1.23. The company’s fifty day moving average is $302.97 and its two-hundred day moving average is $275.72.

American Express (NYSE:AXPGet Free Report) last issued its earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.04. American Express had a net margin of 15.32% and a return on equity of 32.46%. Analysts forecast that American Express will post 13.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares in the company, valued at approximately $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prospera Private Wealth LLC acquired a new position in shares of American Express during the 3rd quarter valued at $27,000. Kennebec Savings Bank acquired a new position in shares of American Express during the third quarter worth about $29,000. True Wealth Design LLC boosted its position in shares of American Express by 332.0% in the third quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock worth $29,000 after buying an additional 83 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of American Express in the third quarter valued at about $38,000. Finally, Financial Life Planners purchased a new stake in shares of American Express during the 4th quarter valued at about $38,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Company Profile

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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.

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