- American Express sees stable delinquency rates with slight improvements in net charge-offs.
- Analysts present a mixed forecast for AXP with price targets varying significantly.
- GuruFocus estimates suggest a potential downside based on GF Value metrics.
American Express (AXP, Financial) reported stable consumer credit card delinquency rates for April at 1.4%. Notably, net charge-offs improved to 2.0% from March's 2.4%. Additionally, consumer card lending climbed to $90.7 billion, reflecting a modest 0.7% increase month-over-month. Meanwhile, small business card delinquency rates remained consistent at 1.6%, alongside a reduction in net charge-offs to 2.4%.
Wall Street Analysts' Insights
The one-year price targets from 26 analysts indicate an average target price for American Express Co (AXP, Financial) at $288.25. This target spans a high estimate of $371.00 and a low of $230.00. Currently, this average target implies a downside of 3.46% from the current stock price of $298.59. For more in-depth forecast data, visit the American Express Co (AXP) Forecast page.
Consensus from 31 brokerage firms places American Express Co's (AXP, Financial) average brokerage recommendation at 2.5, signifying an "Outperform" status. The rating scale ranges from 1, which indicates a Strong Buy, to 5, representing a Sell.
GuruFocus Valuation Metrics
According to GuruFocus estimates, the GF Value for American Express Co (AXP, Financial) is projected at $269.65 in the next year. This suggests a potential downside of 9.69% from the current trading price of $298.585. The GF Value is GuruFocus' estimation of a stock's fair value, calculated through historical trading multiples, past business growth, and future business performance estimates. Additional detailed data is available on the American Express Co (AXP) Summary page.
