American Express Earns Moderate Buy Rating Amid Strong Earnings
American Express Company (NYSE:AXP) has been assigned a consensus rating of 'Moderate Buy' by 24 research firms, according to MarketBeat.com.
The analysts have issued various ratings for AXP, with one sell recommendation, ten hold recommendations, twelve buy recommendations, and one strong buy recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $373.32.
Recently, UBS Group decreased their price target on AXP from $386.00 to $384.00 and set a 'neutral' rating for the company. Morgan Stanley dropped their price objective on American Express from $385.00 to $382.00 and set an 'equal weight' rating on the stock.
Institutional investors have also been buying and selling shares of AXP, with large purchases made by Strategic Financial Services Inc., First Eagle Investment Management LLC, CYBER HORNET ETFs LLC, California State Teachers Retirement System, and Tanager Wealth Management LLP. 84.33% of the stock is owned by institutional investors.