Keefe, Bruyette & Woods maintains an "Outperform" rating for American Express (AXP) and raises its target price from $371 to $394. The firm operates globally, providing consumers and businesses with charge and credit card payment products, as well as a merchant payment network. Analysts forecast an average target price of $321.14, with a high estimate of $375.00 and a low estimate of $260.00.
Keefe, Bruyette & Woods (KBW) has increased its price target for American Express (AXP) from $371 to $394, maintaining an "outperform" rating on the stock. This upgrade reflects the firm's positive outlook on American Express' financial performance and future prospects.
American Express reported strong quarterly earnings of $4.08 per share, beating estimates of $3.86, with revenue reaching $17.86 billion
American Express (NYSE:AXP) Given New $394.00 Price Target at Keefe, Bruyette & Woods[1]. The company's net margin was 14.78% and return on equity was 32.87%, demonstrating robust financial health.
Analysts have provided varied price targets for American Express, with an average of $321.14, a high estimate of $375.00, and a low estimate of $260.00. This range highlights the diversity of opinions among financial professionals regarding the stock's potential.
American Express operates globally, offering a wide range of payment services to consumers and businesses. The company's merchant payment network and charge and credit card products are key revenue drivers. With a market capitalization of $231.49 billion and a P/E ratio of 23.33, American Express is a significant player in the financial services sector
American Express (NYSE:AXP) Given New $394.00 Price Target at Keefe, Bruyette & Woods[1].
Institutional investors have been actively trading American Express shares. For instance, Brighton Jones LLC increased its holdings by 24.4% in the fourth quarter, while Merit Financial Group LLC boosted its position by 15.7% in the first quarter
American Express (NYSE:AXP) Given New $394.00 Price Target at Keefe, Bruyette & Woods[1]. This increased interest from institutional investors indicates confidence in American Express' growth prospects.
American Express' insiders have also been active in trading the stock. Vice Chairman Douglas E. Buckminster sold 23,505 shares on September 2, 2023, while insider Anna Marrs sold 5,500 shares on July 29, 2023
American Express (NYSE:AXP) Given New $394.00 Price Target at Keefe, Bruyette & Woods[1]. These transactions, while not necessarily indicative of future performance, provide insight into the company's internal sentiment.
Overall, Keefe, Bruyette & Woods' upgrade to American Express' price target reflects the company's strong financial performance and positive outlook. Investors should closely monitor the stock's performance and consider the diverse opinions of analysts when making investment decisions.
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