American Express (NYSE:AXP) Price Target Increased to $260.00 by Analysts at Deutsche Bank Aktiengesellschaft

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

Other analysts also recently issued reports about the stock. Stephens raised shares of American Express from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $148.00 to $193.00 in a report on Tuesday, January 2nd. Robert W. Baird downgraded shares of American Express from a “neutral” rating to an “underperform” rating and set a $190.00 price target on the stock. in a report on Monday, January 8th. Oppenheimer reissued an “outperform” rating on shares of American Express in a report on Friday, April 5th. JPMorgan Chase & Co. increased their price target on shares of American Express from $214.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Finally, Evercore ISI increased their price target on shares of American Express from $229.00 to $243.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $208.24.

American Express Stock Up 2.5 %

AXP stock opened at $238.88 on Monday. The firm’s fifty day simple moving average is $221.05 and its 200-day simple moving average is $190.19. The company has a market capitalization of $172.92 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.73 and a quick ratio of 1.63. American Express has a 12 month low of $140.91 and a 12 month high of $239.42.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, April 19th. The payment services company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.97 by $0.36. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.79 billion. American Express had a net margin of 14.50% and a return on equity of 32.39%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.40 EPS. As a group, equities research analysts forecast that American Express will post 12.92 earnings per share for the current year.

Insider Activity

In related news, insider Monique Herena sold 11,242 shares of American Express stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $208.41, for a total value of $2,342,945.22. Following the completion of the transaction, the insider now owns 13,874 shares in the company, valued at $2,891,480.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Howard Grosfield sold 7,029 shares of American Express stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $203.65, for a total value of $1,431,455.85. Following the completion of the transaction, the insider now owns 12,388 shares in the company, valued at $2,522,816.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Monique Herena sold 11,242 shares of American Express stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $208.41, for a total transaction of $2,342,945.22. Following the completion of the transaction, the insider now owns 13,874 shares of the company’s stock, valued at approximately $2,891,480.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 172,047 shares of company stock valued at $36,528,388. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in American Express during the fourth quarter worth approximately $25,000. BKM Wealth Management LLC acquired a new stake in American Express during the fourth quarter worth approximately $28,000. Tennessee Valley Asset Management Partners acquired a new stake in American Express during the fourth quarter worth approximately $28,000. BluePath Capital Management LLC acquired a new stake in American Express during the third quarter worth approximately $29,000. Finally, Pacifica Partners Inc. acquired a new stake in American Express during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

About American Express

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.