Citigroup initiates coverage on American Express with Neutral rating and $85 price target.

Citigroup initiates coverage on American Express with Neutral rating and $85 price target.

Citigroup has initiated coverage on American Express Company (NYSE:AXP) with a neutral rating and an $85 price target. This move comes as American Express recently reported strong quarterly earnings, with EPS of $4.08, surpassing analyst estimates of $3.86, and revenue of $17.86 billion, above the expected $17.70 billion. The company declared a quarterly dividend of $0.82 per share, reflecting an annualized total of $3.28 and a yield of 1.1%.

Analysts at Citigroup have set a price target of $85 for American Express, indicating a potential upside of 10.3% from the current stock price. This rating aligns with the company's recent performance and the positive outlook from other analysts. Citigroup's neutral rating suggests that while the company's earnings and revenue have been strong, there are no significant catalysts expected to drive further growth.

Benjamin Edwards Inc. recently reduced its stake in American Express by 26.3%, selling 10,303 shares during the first quarter. The firm's holdings in American Express were worth $7,760,000 at the end of the most recent quarter. This reduction follows a period of increased institutional investment in American Express, with several other investors purchasing new stakes in the company during the fourth quarter.

Other analysts have also issued reports on American Express. Citigroup restated a neutral rating and issued a $327.00 price objective (up from $300.00) on shares of American Express in a report on Wednesday, July 2nd. Redburn Atlantic upgraded shares of American Express from a sell rating to a neutral rating and cut their price target for the stock from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods boosted their price target on shares of American Express from $360.00 to $371.00 and gave the stock an outperform rating in a research note on Wednesday, July 9th. William Blair reiterated an outperform rating on shares of American Express in a research note on Wednesday, July 2nd. Finally, Monness Crespi & Hardt lowered shares of American Express from a buy rating to a neutral rating in a research note on Tuesday, July 15th.

American Express has a market capitalization of $148.68 billion, a debt-to-equity ratio of 1.15, a current ratio of 2.24, and a quick ratio of 1.68. The company's fifty-day simple moving average is $114.65, and its two-hundred-day simple moving average is $115.30. The firm's price-to-earnings ratio is 22.65, and its PEG ratio is 1.88. The stock has a beta of 0.45, indicating moderate volatility compared to the broader market.

In summary, Citigroup's neutral rating and $85 price target for American Express reflect the company's strong recent performance and positive outlook. However, the neutral rating suggests that while the company's earnings and revenue have been solid, there are no significant catalysts expected to drive further growth. Investors should closely monitor the company's earnings and any potential catalysts that could impact the stock price.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-benjamin-edwards-inc-trims-stock-holdings-in-american-express-company-nyseaxp-2025-08-10/