Compass Point Lowers American Express (NYSE:AXP) Price Target to $309.00

American Express (NYSE:AXP) had its price target cut by stock analysts at Compass Point from $325.00 to $309.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the payment services company’s stock. Compass Point’s price objective would indicate a potential downside of 2.60% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Hsbc Global Res downgraded American Express from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. BTIG Research boosted their price objective on shares of American Express from $266.00 to $270.00 and gave the company a “sell” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of American Express from $300.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Truist Financial started coverage on American Express in a research report on Tuesday, January 7th. They set a “buy” rating and a $350.00 price target on the stock. Finally, Royal Bank of Canada upped their target price on American Express from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $291.50.

View Our Latest Stock Analysis on American Express

American Express Stock Up 0.3 %

Shares of AXP opened at $317.24 on Monday. The firm has a market cap of $223.48 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.23. 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 52 week low of $199.07 and a 52 week high of $326.27. The firm’s 50-day simple moving average is $302.97 and its 200 day simple moving average is $275.72.

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

Insider Transactions at American Express

In other news, CFO Caillec Christophe Le sold 6,000 shares of the firm’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 transaction, the chief financial officer now directly owns 6,433 shares in the company, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by company insiders.

Institutional Trading of American Express

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of American Express by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 11,483,512 shares of the payment services company’s stock valued at $3,104,735,000 after purchasing an additional 86,100 shares during the last quarter. FMR LLC boosted its position in American Express by 8.5% during the third quarter. FMR LLC now owns 11,003,715 shares of the payment services company’s stock valued at $2,984,208,000 after acquiring an additional 866,110 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Express by 5.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,606,986 shares of the payment services company’s stock worth $1,249,415,000 after acquiring an additional 239,173 shares during the period. Janus Henderson Group PLC raised its position in shares of American Express by 0.8% in the 3rd quarter. Janus Henderson Group PLC now owns 3,960,842 shares of the payment services company’s stock worth $1,074,168,000 after acquiring an additional 33,193 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of American Express by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 2,203,772 shares of the payment services company’s stock valued at $655,137,000 after purchasing an additional 247,864 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

About American Express

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.