Bank of America Securities Sticks to Its Buy Rating for American Express (AXP)

In a report released today, Mihir Bhatia from Bank of America Securities maintained a Buy rating on American Express (AXP – Research Report). The company’s shares opened today at $223.93.

Bhatia covers the Financial sector, focusing on stocks such as American Express, OneMain Holdings, and Bread Financial Holdings. According to TipRanks, Bhatia has an average return of 11.4% and a 67.50% success rate on recommended stocks.

American Express has an analyst consensus of Moderate Buy, with a price target consensus of $215.65, implying a -3.70% downside from current levels. In a report released on April 5, Monness also assigned a Buy rating to the stock with a $245.00 price target.

AXP market cap is currently $161B and has a P/E ratio of 19.84.

Based on the recent corporate insider activity of 52 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, Laureen Seeger, the CLO of AXP sold 84,420.00 shares for a total of $17,979,771.60.

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.