At the time of writing, American Express Co. [AXP] stock is trading at $218.03, up 0.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AXP shares have gain 3.39% over the last week, with a monthly amount glided 8.55%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 13, February 2024, American Express To Open Largest Centurion Lounge at Hartsfield-Jackson Atlanta International Airport. In a post published today on Yahoo Finance, On February 14, American Express (NYSE: AXP) will open a new Centurion Lounge at Hartsfield-Jackson Atlanta International Airport (ATL), the busiest airport in the world. At nearly 26,000 square feet, it is the largest lounge in the Centurion Lounge network. It features a locally-inspired menu from Atlanta-based Chef Deborah VanTrece, numerous seating options for guests to relax or work before their flight, outdoor terraces with views of the airfield, and The Reserve by American Express, a bespoke whiskey bar serving signature cocktails designed by Jim Meehan, Centurion Mixologist, along with a selection of classic and new American whiskeys1. The new Centurion Lounge is located in Concourse E near gate E11.
From an analyst’s perspective:
American Express Co. [NYSE: AXP] stock has seen the most recent analyst activity on February 08, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $222 from $212. Previously, Deutsche Bank started tracking the stock with Buy rating on January 10, 2024, and set its price target to $235. On January 10, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $157 on the stock. Robert W. Baird downgraded its rating to a Underperform but stick to its price target of $190 on January 08, 2024. JP Morgan upgraded its rating to a Overweight and raised its price target to $205 on January 04, 2024. DZ Bank downgraded its rating to Sell for this stock on January 04, 2024. In a note dated January 02, 2024, Stephens upgraded an Equal-Weight rating on this stock and boosted its target price from $148 to $193.
For the past year, the stock price of American Express Co. fluctuated between $140.91 and $218.08. Currently, Wall Street analysts expect the stock to reach $185.42 within the next 12 months. American Express Co. [NYSE: AXP] shares were valued at $218.03 at the most recent close of the market. An investor can expect a potential drop of -14.96% based on the average AXP price forecast.
Analyzing the AXP fundamentals
According to American Express Co. [NYSE:AXP], the company’s sales were 67.38B for trailing twelve months, which represents an 15.35% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.31 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 216.79 points at the first support level, and at 215.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 219.23, and for the 2nd resistance point, it is at 220.44.
American Express Co. [AXP] reported earnings per share of $2.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.64/share, meaning a difference of -$0.02 and a surprise factor of -0.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.3 per share as compared to estimates of $2.94 per share, a difference of $0.36 representing a surprise of 12.20%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 5.62 and price to earnings (TTM) ratio is 19.44.
Transactions by insiders
Recent insider trading involved Joabar Raymond, Grp. Pres., GMNS, that happened on Feb 20 when 8625.0 shares were sold. Chief Legal Officer, Seeger Laureen completed a deal on Feb 12 to sell 84420.0 shares. Meanwhile, Chairman and CEO Squeri Stephen J sold 69356.0 shares on Feb 12.
