KBW analyst Sanjay Sakhrani maintained a Buy rating on American Express (AXP – Research Report) yesterday and set a price target of $265.00. The company’s shares closed last Friday at $235.64.
Sakhrani covers the Financial sector, focusing on stocks such as Capital One Financial, American Express, and Bread Financial Holdings. According to TipRanks, Sakhrani has an average return of 12.9% and a 72.30% success rate on recommended stocks.
Currently, the analyst consensus on American Express is a Moderate Buy with an average price target of $234.20, implying a -0.61% downside from current levels. In a report released on April 24, Wells Fargo also assigned a Buy rating to the stock with a $265.00 price target.
AXP market cap is currently $169.5B and has a P/E ratio of 19.41.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year. Most recently, in February 2024, Anna Marrs, the Group Pres., GCS and CFR of AXP sold 36,279.00 shares for a total of $7,727,064.21.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Express (AXP) Company Description:
Founded in 1850, American Express Co. is a financial services corporation which provides charge and credit card products, as well as travel-related services worldwide. The company operates through the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.
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