Donald Fandetti of Wells Fargo has recently set a new price target for NYSE:AXP (American Express) at $285, significantly higher than its current price of $234.51. This adjustment indicates a bullish stance on the stock, suggesting an anticipated growth of about 21.53%. Such a positive outlook from a reputable analyst can often influence investor sentiment and market performance of the stock in question. This development, reported on Tuesday, July 9, 2024, is seen as a key indicator of American Express's potential in the financial sector, as covered by TheFly.
American Express, a leading global services company, offers customers access to products, insights, and experiences that enrich lives and build business success. It operates in a competitive financial services market, facing off against other credit card companies and financial institutions. The company's ability to maintain a strong market position is critical, and analyst ratings like those from Wells Fargo and Keefe, Bruyette & Woods play a significant role in shaping investor perceptions.
Keefe, Bruyette & Woods, another respected firm, has also shown confidence in American Express by raising its price target from $265 to $280 and maintaining an "Outperform" rating. This adjustment aligns with the positive sentiment expressed by Wells Fargo and underscores a broader optimism about the company's future performance. Following these updates, American Express shares saw a modest increase of 0.3%, closing at $235.63. This price movement is reflective of the broader trends in analyst ratings and investor reactions to such forecasts.
The stock's recent performance, with a slight decrease of $1.12 to close at $234.51 and its fluctuation between $233.76 and $239.5 on the day of the announcement, demonstrates the market's responsiveness to analyst ratings and financial news. Over the past 12 months, American Express has seen its price range from $140.91 to $244.41, indicating significant volatility but also the potential for substantial growth. With a market capitalization of about $168.68 billion and a trading volume of 1,851,621 shares, American Express remains a heavyweight in the financial sector, closely watched by investors and analysts alike.
These recent price target adjustments by Wells Fargo and Keefe, Bruyette & Woods highlight a growing confidence in American Express's ability to perform well in the future. Such bullish outlooks from top Wall Street analysts not only reflect the company's solid fundamentals and potential for growth but also influence the stock's market performance, as seen in the slight uptick following the announcements. As the financial landscape continues to evolve, American Express's position and performance will be key areas of interest for investors and market watchers.
Symbol | Price | %chg |
---|---|---|
V.BA | 24875 | 0.8 |
MA.BA | 21450 | 0.35 |
AXP.BA | 26550 | 0.85 |
BFIN.JK | 815 | 1.84 |
American Express (NYSE: AXP) is a leading global financial services company known for its credit card, charge card, and travel-related services. Competing with giants like Visa and Mastercard, American Express reported an EPS of $3.64 on April 17, 2025, surpassing the estimated $3.47. The company also reported a revenue of approximately $16.97 billion, slightly exceeding the estimated $16.94 billion.
The company's quarterly earnings reveal a profit of $3.64 per share, surpassing the Zacks Consensus Estimate of $3.45. This marks an improvement from the previous year's earnings of $3.33 per share. The positive growth trajectory is driven by robust consumer spending, as highlighted by CEO Stephen Squeri. He noted that consumer spending in the first quarter was consistent with, and often better than, 2024 levels.
American Express's revenue increased by 7% year-over-year to $16.97 billion, exceeding analysts' predictions. Net interest income also slightly surpassed expectations, reaching $4.17 billion compared to the consensus of $4.10 billion.
Despite the positive earnings report, American Express shares rose by less than 1% immediately following the announcement. The stock had been down approximately 15% for the year. Recently, Bank of America analysts upgraded the stock's rating to "buy," citing the company's "high-quality customer base" as a factor that would support its resilience.
American Express maintains a price-to-earnings (P/E) ratio of approximately 17.76, indicating the market's valuation of its earnings. The company's price-to-sales ratio stands at about 2.52, and the enterprise value to sales ratio is around 2.67. The debt-to-equity ratio is about 1.69, indicating the company's leverage level.
American Express (NYSE: AXP) is a leading global financial services company known for its credit card, charge card, and travel-related services. Competing with giants like Visa and Mastercard, American Express reported an EPS of $3.64 on April 17, 2025, surpassing the estimated $3.47. The company also reported a revenue of approximately $16.97 billion, slightly exceeding the estimated $16.94 billion.
The company's quarterly earnings reveal a profit of $3.64 per share, surpassing the Zacks Consensus Estimate of $3.45. This marks an improvement from the previous year's earnings of $3.33 per share. The positive growth trajectory is driven by robust consumer spending, as highlighted by CEO Stephen Squeri. He noted that consumer spending in the first quarter was consistent with, and often better than, 2024 levels.
American Express's revenue increased by 7% year-over-year to $16.97 billion, exceeding analysts' predictions. Net interest income also slightly surpassed expectations, reaching $4.17 billion compared to the consensus of $4.10 billion.
Despite the positive earnings report, American Express shares rose by less than 1% immediately following the announcement. The stock had been down approximately 15% for the year. Recently, Bank of America analysts upgraded the stock's rating to "buy," citing the company's "high-quality customer base" as a factor that would support its resilience.
American Express maintains a price-to-earnings (P/E) ratio of approximately 17.76, indicating the market's valuation of its earnings. The company's price-to-sales ratio stands at about 2.52, and the enterprise value to sales ratio is around 2.67. The debt-to-equity ratio is about 1.69, indicating the company's leverage level.
American Express (NYSE:AXP), a leading global financial services company, is gearing up to release its quarterly earnings on April 17, 2025. Analysts are closely monitoring the company's performance, with Wall Street estimates projecting an earnings per share (EPS) of $3.46 and a revenue of approximately $16.93 billion.
The analysis of American Express (NYSE:AXP) has led to a Buy rating with a price target of $289, underlining strong growth in premium card fees and consumer spending. The company is poised for an 11% growth in net income for 2025, fueled by mid-to-high teens growth in net card fees and resilient consumer spending, surpassing consensus expectations and indicating a positive outlook.
American Express's closed-loop model and premium customer base are considered undervalued by the market, supporting an 18x forward price-to-earnings multiple. The company's P/E ratio is approximately 18.22, showcasing the market's valuation of its earnings, while the price-to-sales ratio stands at about 2.58, reflecting its revenue valuation.
Despite the anticipated growth, AXP is expected to report lower profits from its Global Merchant and Network Services division. However, an increase in network volumes during the first quarter is anticipated. These factors are crucial for investors as the company approaches its Q1 earnings release.
The company's financial leverage is highlighted by a debt-to-equity ratio of approximately 1.69. The enterprise value to sales ratio is around 2.74, and the enterprise value to operating cash flow ratio is approximately 13.64, providing insights into the company's valuation relative to its cash flow. The earnings yield is about 5.49%, offering a perspective on the return on investment.
American Express (NYSE:AXP), a leading global financial services company, is gearing up to release its quarterly earnings on April 17, 2025. Analysts are closely monitoring the company's performance, with Wall Street estimates projecting an earnings per share (EPS) of $3.46 and a revenue of approximately $16.93 billion.
The analysis of American Express (NYSE:AXP) has led to a Buy rating with a price target of $289, underlining strong growth in premium card fees and consumer spending. The company is poised for an 11% growth in net income for 2025, fueled by mid-to-high teens growth in net card fees and resilient consumer spending, surpassing consensus expectations and indicating a positive outlook.
American Express's closed-loop model and premium customer base are considered undervalued by the market, supporting an 18x forward price-to-earnings multiple. The company's P/E ratio is approximately 18.22, showcasing the market's valuation of its earnings, while the price-to-sales ratio stands at about 2.58, reflecting its revenue valuation.
Despite the anticipated growth, AXP is expected to report lower profits from its Global Merchant and Network Services division. However, an increase in network volumes during the first quarter is anticipated. These factors are crucial for investors as the company approaches its Q1 earnings release.
The company's financial leverage is highlighted by a debt-to-equity ratio of approximately 1.69. The enterprise value to sales ratio is around 2.74, and the enterprise value to operating cash flow ratio is approximately 13.64, providing insights into the company's valuation relative to its cash flow. The earnings yield is about 5.49%, offering a perspective on the return on investment.
American Express (NYSE:AXP) is a leading global financial services company known for its credit card, charge card, and travel-related services. Competing with giants like Capital One and Mastercard, American Express is gearing up to release its fourth-quarter 2024 earnings on January 24, 2025, before the market opens.
Analysts are optimistic, expecting American Express to report an EPS of $3.03, slightly above the Wall Street estimate of $3. This represents a 15.7% increase from the previous year, highlighting the company's robust performance. Revenue is projected to reach $17.18 billion, reflecting an 8.7% year-over-year growth, as highlighted by Zacks.
The company's network volumes are anticipated to have increased, continuing the positive trend from previous quarters. For the entire year, American Express is expected to achieve revenues of $65.95 billion, marking a 9% increase from the prior year. The consensus estimate for the company's EPS for the current year is $13.40, indicating a substantial 19.5% year-over-year growth.
American Express has seen its stock price soar over 70% in the past year, reaching fresh 52-week highs of $319 per share. This performance significantly outpaces its peers, with Capital One rising 49% and Mastercard increasing by 20%. Investors are eager to see if this momentum can be maintained with the upcoming earnings report.
Despite a mixed track record in earnings, American Express has shown consistent growth throughout 2024. The company's premium valuation is supported by its strong brand and a customer base that leans towards higher-tier clients. With a price-to-earnings (P/E) ratio of 23.06 and a debt-to-equity ratio of 1.85, American Express maintains a balanced financial position.
American Express (NYSE:AXP) is a leading global financial services company known for its credit card, charge card, and travel-related services. Competing with giants like Capital One and Mastercard, American Express is gearing up to release its fourth-quarter 2024 earnings on January 24, 2025, before the market opens.
Analysts are optimistic, expecting American Express to report an EPS of $3.03, slightly above the Wall Street estimate of $3. This represents a 15.7% increase from the previous year, highlighting the company's robust performance. Revenue is projected to reach $17.18 billion, reflecting an 8.7% year-over-year growth, as highlighted by Zacks.
The company's network volumes are anticipated to have increased, continuing the positive trend from previous quarters. For the entire year, American Express is expected to achieve revenues of $65.95 billion, marking a 9% increase from the prior year. The consensus estimate for the company's EPS for the current year is $13.40, indicating a substantial 19.5% year-over-year growth.
American Express has seen its stock price soar over 70% in the past year, reaching fresh 52-week highs of $319 per share. This performance significantly outpaces its peers, with Capital One rising 49% and Mastercard increasing by 20%. Investors are eager to see if this momentum can be maintained with the upcoming earnings report.
Despite a mixed track record in earnings, American Express has shown consistent growth throughout 2024. The company's premium valuation is supported by its strong brand and a customer base that leans towards higher-tier clients. With a price-to-earnings (P/E) ratio of 23.06 and a debt-to-equity ratio of 1.85, American Express maintains a balanced financial position.
On October 21, 2024, Jeff Adelson from Morgan Stanley set a price target of $252 for American Express (NYSE:AXP). At the time, the stock was trading at $275.29, indicating a potential downside of approximately -8.46%. American Express is a major player in the financial services industry, competing with companies like Visa and Mastercard.
American Express is set to become the sole owner of Swisscard, as UBS sells its 50% stake in the credit card provider. This strategic move aligns with UBS's plan to divest parts of the Credit Suisse business it acquired last year. The acquisition will allow American Express to strengthen its position in the Swiss market.
Despite the recent price target set by Morgan Stanley, AXP's current price is $271.81, reflecting a decrease of 1.80%. The stock has dropped by $4.99 today, with a trading range between $271.51 and $276.16. Over the past year, AXP has experienced a high of $286.36 and a low of $140.91.
American Express has a market capitalization of approximately $193.23 billion, indicating its significant presence in the financial sector. The trading volume for AXP today is 712,781 shares, showing active investor interest. The company's acquisition of Swisscard is expected to enhance its growth prospects in the European market.