American Express (AXP) Receives a Buy from KBW

KBW analyst Sanjay Sakhrani maintained a Buy rating on American Express (AXP – Research Report) on April 19 and set a price target of $265.00. The company’s shares closed last Friday at $231.04.

According to TipRanks, Sakhrani is a 5-star analyst with an average return of 12.8% and a 71.58% success rate. Sakhrani covers the Financial sector, focusing on stocks such as Capital One Financial, American Express, and Bread Financial Holdings.

American Express has an analyst consensus of Moderate Buy, with a price target consensus of $223.81, a -3.13% downside from current levels. In a report released on April 19, Argus Research also maintained a Buy rating on the stock with a $246.00 price target.

The company has a one-year high of $231.60 and a one-year low of $140.02. Currently, American Express has an average volume of 3.18M.

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.

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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.