American Express Co. [AXP] stock prices are up 0.86% to $270.92 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AXP shares have gain 1.78% over the last week, with a monthly amount glided 6.53%, 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 August 21, 2024, when BofA Securities downgraded its rating to a Neutral but kept the price target unchanged to $263 for it. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on July 22, 2024, and elevated its price target to $265. On July 16, 2024, Compass Point initiated with a Neutral rating and assigned a price target of $260 on the stock. Monness Crespi & Hardt reiterated its Buy rating and increased its price target to $260 on July 15, 2024. Citigroup initiated its recommendation with a Neutral and recommended $250 as its price target on June 10, 2024. In a note dated April 09, 2024, Barclays downgraded an Equal Weight rating on this stock and boosted its target price from $220 to $221.
The stock price of American Express Co. [AXP] has been fluctuating between $140.91 and $272.68 over the past year. Currently, Wall Street analysts expect the stock to reach $205.04 within the next 12 months. American Express Co. [NYSE: AXP] shares were valued at $270.92 at the most recent close of the market. An investor can expect a potential drop of -24.32% based on the average AXP price forecast.
Analyzing the AXP fundamentals
The American Express Co. [NYSE:AXP] reported sales of 71.15B for trailing twelve months, representing a surge of 10.00%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.35 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.8.
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 267.65 points at the first support level, and at 264.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 272.79, and for the 2nd resistance point, it is at 274.66.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.71, the price to book ratio is 6.53 and price to earnings (TTM) ratio is 20.21.
Transactions by insiders
Recent insider trading involved Pickett Denise, Pres., GSG and TLS, that happened on May 22 ’24 when 2768.0 shares were sold. Grp. Pres., GMNS, Joabar Raymond completed a deal on May 20 ’24 to sell 2230.0 shares. Meanwhile, Grp. Pres., GMNS Joabar Raymond sold 425.0 shares on May 20 ’24.
