American Express (NYSE:AXP) PT Raised to $260.00 at Deutsche Bank Aktiengesellschaft

American Express (NYSE:AXP) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $240.00 to $260.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the payment services company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 8.84% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company raised their price target on shares of American Express from $220.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Barclays reiterated an “equal weight” rating and issued a $221.00 price objective (up from $220.00) on shares of American Express in a research note on Tuesday, April 9th. Evercore ISI lifted their price objective on shares of American Express from $229.00 to $243.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Monness Crespi & Hardt upgraded shares of American Express from a “neutral” rating to a “buy” rating and set a $245.00 price objective for the company in a research note on Friday, April 5th. Finally, Oppenheimer reiterated an “outperform” rating on shares of American Express in a research note on Friday, April 5th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, American Express currently has an average rating of “Hold” and an average price target of $208.24.

American Express Price Performance

American Express stock opened at $238.88 on Monday. American Express has a 52 week low of $140.91 and a 52 week high of $239.42. The company’s 50 day moving average price is $221.05 and its two-hundred day moving average price is $190.19. The company has a quick ratio of 1.63, a current ratio of 1.73 and a debt-to-equity ratio of 1.69. The stock has a market cap of $172.92 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.32 and a beta of 1.23.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, April 19th. The payment services company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.36. American Express had a net margin of 14.50% and a return on equity of 32.39%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.79 billion. During the same quarter last year, the business posted $2.40 EPS. American Express’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts predict that American Express will post 12.92 earnings per share for the current year.

Insider Activity at American Express

In related news, insider Howard Grosfield sold 7,029 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the transaction, the insider now owns 12,388 shares in the company, valued at $2,522,816.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other American Express news, insider Laureen Seeger sold 84,420 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $212.98, for a total value of $17,979,771.60. Following the sale, the insider now owns 57,512 shares in the company, valued at $12,248,905.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Howard Grosfield sold 7,029 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $203.65, for a total transaction of $1,431,455.85. Following the completion of the sale, the insider now owns 12,388 shares in the company, valued at approximately $2,522,816.20. The disclosure for this sale can be found here. Insiders have sold 172,047 shares of company stock worth $36,528,388 over the last 90 days. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Express

Hedge funds and other institutional investors have recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new stake in American Express in the fourth quarter worth about $25,000. BKM Wealth Management LLC bought a new position in shares of American Express in the fourth quarter worth approximately $28,000. Tennessee Valley Asset Management Partners bought a new position in shares of American Express in the fourth quarter worth approximately $28,000. BluePath Capital Management LLC bought a new position in shares of American Express in the third quarter worth approximately $29,000. Finally, Pacifica Partners Inc. bought a new position in shares of American Express in the fourth quarter worth approximately $29,000. 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.