American Express Co. [AXP] stock is trading at $227.91, up 2.81%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AXP shares have gain 2.29% over the last week, with a monthly amount glided 7.26%, and seem to be holding up well over a long-time horizon.
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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.
American Express Co. [AXP] stock has fluctuated between $140.91 and $224.90 over the past year. 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 $227.91 at the most recent close of the market. An investor can expect a potential drop of -18.64% based on the average AXP price forecast.
Analyzing the AXP fundamentals
American Express Co. [NYSE:AXP] reported sales of 67.38B for the trailing twelve months, which represents a growth of 15.35%. 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 223.40 points at the first support level, and at 218.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 230.24, and for the 2nd resistance point, it is at 232.57.
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 2.45, the price to book ratio is 5.87 and price to earnings (TTM) ratio is 20.32.
Transactions by insiders
Recent insider trading involved Marquez Rafael, President, International Card, that happened on Feb 29 ’24 when 7900.0 shares were sold. Grp. Pres., GMNS, Joabar Raymond completed a deal on Feb 20 ’24 to sell 8625.0 shares. Meanwhile, Chief Legal Officer Seeger Laureen sold 84420.0 shares on Feb 12 ’24.
