Compass Point Issues Pessimistic Forecast for American Express (NYSE:AXP) Stock Price

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

Several other research analysts also recently weighed in on AXP. Royal Bank of Canada upped their price objective on shares of American Express from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday. The Goldman Sachs Group upped their target price on shares of American Express from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 7th. UBS Group lifted their price target on American Express from $283.00 to $320.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Truist Financial assumed coverage on American Express in a research note on Tuesday, January 7th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of American Express in a research report on Monday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $291.50.

American Express Price Performance

Shares of NYSE AXP opened at $317.24 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average price is $302.97 and its 200-day moving average price is $275.72. The firm has a market capitalization of $223.48 billion, a P/E ratio of 23.34, a P/E/G ratio of 1.51 and a beta of 1.23. American Express has a 1-year low of $199.07 and a 1-year high of $326.27.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that American Express will post 13.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other American Express news, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total transaction of $1,820,880.00. Following the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. The trade was a 48.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AXP. Prospera Private Wealth LLC purchased a new stake in shares of American Express in the third quarter worth about $27,000. Kennebec Savings Bank purchased a new stake in American Express in the 3rd quarter worth approximately $29,000. True Wealth Design LLC boosted its holdings in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 83 shares during the period. Financial Life Planners purchased a new position in shares of American Express during the 4th quarter valued at $38,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of American Express in the third quarter worth $38,000. 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.