American Express Company [AXP] Is Still Overvalued at $125.04

American Express Company [AXP] stock is up 1.56 while the S&P 500 has risen 0.88% on Friday, 12/04/20. While at the time of this article, AXP ATR is sitting at 3.82, with the beta value at 1.36. This stock’s volatility for the past week remained at 2.25%, while it was 2.97% for the past 30-day period. AXP has risen $1.92 from the previous closing price of $123.12 on volume of 5.05 million shares.

On 3, December 2020, QuestCap Announces AGM Results. According to news published on Yahoo Finance, QuestCap Inc. (“QuestCap” or the “Company”) (NEO:QSC) reports, in accordance with the policies of the NEO Exchange, that the nominees listed in the Management Information Circular dated November 2, 2020 for the 2020 Annual and Special Meeting of Shareholders of the Company (the “Meeting”) were elected as directors of the Company. 21.02% of all of the issued and outstanding shares of the Company were represented at the Meeting.

Analyst Birdseye View:

The most recent analyst activity for American Express Company [NYSE:AXP] stock was on October 27, 2020, when it was Upgrade with a Buy rating from DZ Bank, which also raised its 12-month price target on the stock to $118. Before that, on November 10, 2020, UBS Recapitulated a Neutral rating and elevated its amount target to $116. On October 09, 2020, Susquehanna Downgrade a Neutral rating and boosted its price target on this stock to $110. On September 23, 2020, BofA Securities Downgrade an Underperform rating. On July 31, 2020, Wolfe Research Initiated an Outperform rating. On July 21, 2020, Daiwa Securities Resumed a Neutral rating and boosted its amount on this stock to $100. On July 15, 2020, JP Morgan Downgrade an Underweight rating and boosted its target amount on this stock to $97. On July 08, 2020, Citigroup Downgrade a Neutral rating and amplified its amount target to $105.

In the past 52 weeks of trading, this stock has oscillated between a low of $67.00 and a peak of $138.13. Right now, according to Wall Street analyst the average 12-month amount target is $115.38. At the most recent market close, shares of American Express Company [NYSE:AXP] were valued at $125.04. According to the average price forecast, investors can expect a potential return of -5.43%.

FUNDAMENTAL ANALYSIS

American Express Company [NYSE:AXP] most recently reported quarterly sales of 9.2 billion, which represented growth of -21.40%. This publicly-traded organization’s revenue is $728,992 per employee, while its income is $104,062 per employee. This company’s Gross Margin is currently 71.80%, its Operating Margin is 11.30%, its Pretax Margin is +17.93, and its Net Margin is +14.27. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.47, 29.59, 9.97 and 9.97 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 73.59 and the whole liability to whole assets at 32.41. It shows enduring liability to the whole principal at 48.34 and enduring liability to assets at 0.21 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 124.15 points at 1st support level, the second support level is making up to 123.27. But as of 1st resistance point, this stock is sitting at 125.62 and at 126.21 for 2nd resistance point.

American Express Company [AXP] reported its earnings at $1.3 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.35/share signifying the difference of -0.05 and -3.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.29 calling estimates for -$0.11/share with the difference of 0.4 depicting the surprise of 363.60%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.20, it’s amount to book ratio is 4.37 and showing 30.87 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Marrs Anna, Pres., Global Comm. Services, and it was the sale of 2064.0 shares on Nov 10. Buckminster Douglas E., the Grp Pres, Glb Consumer Svcs, completed a sale of 14827.0 shares on Nov 06. On Aug 18, Pickett Denise, President, Glbl Services Group, completed a sale of 2864.0 shares.