American Express Gets Price Target Bumps From Analysts After Q4 Results

American Express Co AXP reported weaker-than-expected Q4 earnings.

American Express reported fourth-quarter revenue net of interest expense growth of 17% year-on-year to $14.18 billion, missing the consensus of $14.22 billion. EPS of $2.07 missed the consensus of $2.22.

American Express looked to increase the regular quarterly dividend by 15%, from $0.52 to $0.60 per share, beginning with the Q1 dividend declaration. The company expects revenue growth of 15% - 17% (consensus of $58.78 billion) and EPS of $11.00 - $11.40 (consensus of $10.52).

American Express shares rose 0.9% to trade at $173.91 on Monday after climbing 10.5% in Friday’s session.

These analysts made changes to their price targets on American Express after the company released quarterly results.

• Credit Suisse raised the price target on American Express from $132 to $150. Credit Suisse analyst Moshe Orenbuch maintained an Underperform rating on the stock.
• Piper Sandler boosted American Express price target from $159 to $179. Piper Sandler analyst Kevin Barker maintained a Neutral rating on the stock.
• Barclays raised the price target on the stock from $158 to $178. Barclays analyst Mark Devries maintained the stock with an Equal-Weight rating.
• BMO Capital boosted American Express price target from $167 to $197. BMO Capital analyst James Fotheringham maintained the stock with a Market Perform.
• RBC Capital boosted American Express price target from $175 to $186. RBC Capital analyst Karl Shepard maintained the stock with a Sector Perform.
• Morgan Stanley increased American Express price target from $148 to $176. Morgan Stanley analyst Betsy Graseck maintained the stock with an Equal-Weight.
• Baird raised American Express price target from $175 to $190. Baird analyst David George maintained the stock with an Outperform rating.

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