American Express (NYSE:AXP) PT Raised to $290.00

American Express (NYSE:AXP) had its target price hoisted by investment analysts at Evercore ISI from $275.00 to $290.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the payment services company’s stock. Evercore ISI’s price objective would suggest a potential upside of 7.81% from the company’s previous close.

AXP has been the subject of several other reports. Monness Crespi & Hardt increased their price objective on shares of American Express from $260.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered American Express from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $268.00 to $286.00 in a research report on Monday. Barclays boosted their price objective on American Express from $221.00 to $223.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Royal Bank of Canada raised their target price on American Express from $265.00 to $267.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Finally, Citigroup began coverage on American Express in a report on Monday, June 10th. They set a “neutral” rating and a $250.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $239.96.

American Express Stock Performance

NYSE:AXP opened at $269.00 on Monday. The stock’s 50-day moving average is $254.43 and its 200-day moving average is $240.88. American Express has a 1-year low of $140.91 and a 1-year high of $276.79. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.74. The stock has a market cap of $193.49 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.48 and a beta of 1.21.

American Express (NYSE:AXP) last announced its quarterly earnings results 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. The firm had revenue of $16.33 billion during the quarter, compared to analysts’ expectations of $16.60 billion. American Express had a net margin of 15.53% and a return on equity of 32.94%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.89 EPS. Equities research analysts anticipate that American Express will post 13.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC lifted its position in shares of American Express by 62.5% during the 1st quarter. Game Plan Financial Advisors LLC now owns 130 shares of the payment services company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of American Express during the fourth quarter valued at approximately $25,000. DHJJ Financial Advisors Ltd. lifted 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 acquiring an additional 49 shares during the period. Riverview Trust Co purchased a new position in American Express in the first quarter worth $38,000. Finally, Creekmur Asset Management LLC bought a new position in American Express in the 4th quarter valued at $32,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

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.