Monday, November 23, 2020

Atlantic Equities slashes price target on American Express Company [AXP] – find out why.

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American Express Company [NYSE: AXP] gained 3.59% or 3.94 points to close at $113.67 with a heavy trading volume of 6776350 shares. It opened the trading session at $111.91, the shares rose to $113.71 and dropped to $110.64, the range by which the price of stock traded the whole day. The daily chart for AXP points out that the company has recorded -3.90% loss over the past six months. However, it is still -69.66% lower than its most recent low trading price.

If we look at the average trading volume of 8.04M shares, AXP reached to a volume of 6776350 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about American Express Company [AXP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXP shares is $100.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AXP stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Atlantic Equities have made an estimate for American Express Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 08, 2020. The new note on the price target was released on March 12, 2020, representing the official price target for American Express Company stock. Previously, the target price had yet another raise to $124, while Robert W. Baird analysts kept a Outperform rating on AXP stock.

The Average True Range (ATR) for American Express Company is set at 4.69, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 4.37, with the Price to Cash per share for the same quarter was set at 44.55.

Trading performance analysis for AXP stock

American Express Company [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.49. With this latest performance, AXP shares gained by 31.06% in over the last four-week period, additionally sinking by -3.90% over the last 6 months – not to mention a drop of -6.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AXP stock in for the last two-week period is set at 70.97, with the RSI for the last a single of trading hit 78.59, and the three-weeks RSI is set at 64.80 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 89.12, while it was recorded at 106.88 for the last single week of trading, and 111.31 for the last 200 days.

American Express Company [AXP]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and American Express Company [AXP] shares currently have an operating margin of +18.14 and a Gross Margin at +67.23. American Express Company’s Net Margin is presently recorded at +14.27.

Return on Total Capital for AXP is now 9.97, given the latest momentum, and Return on Invested Capital for the company is 9.97. Return on Equity for this stock inclined to 29.59, with Return on Assets sitting at 3.47. When it comes to the capital structure of this company, American Express Company [AXP] has a Total Debt to Total Equity ratio set at 278.61. Additionally, AXP Total Debt to Total Capital is recorded at 73.59, with Total Debt to Total Assets ending up at 32.41. Long-Term Debt to Equity for the company is recorded at 183.00, with the Long-Term Debt to Total Capital now at 48.34.

Reflecting on the efficiency of the workforce at the company, American Express Company [AXP] managed to generate an average of $104,062 per employee. Receivables Turnover for the company is 0.82 with a Total Asset Turnover recorded at a value of 0.24.

American Express Company [AXP]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, American Express Company posted 2.07/share EPS, while the average EPS was predicted by analysts to be reported at 2.04/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AXP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Express Company go to 9.75%.

An analysis of insider ownership at American Express Company [AXP]

There are presently around $75,906 million, or 87.10% of AXP stock, in the hands of institutional investors. The top three institutional holders of AXP stocks are: BERKSHIRE HATHAWAY INC with ownership of 151,610,700, which is approximately 0% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 50,429,585 shares of the stock with an approximate value of $5.53 billion in AXP stocks shares; and BLACKROCK INC., currently with $4.71 billion in AXP stock with ownership of nearly -0.175% of the company’s market capitalization.

683 institutional holders increased their position in American Express Company [NYSE:AXP] by around 47,160,966 shares. Additionally, 888 investors decreased positions by around 44,904,656 shares, while 230 investors held positions by with 599,689,515 shares. The mentioned changes placed institutional holdings at 691,755,137 shares, according to the latest SEC report filing. AXP stock had 133 new institutional investments in for a total of 13,296,781 shares, while 239 institutional investors sold positions of 10,186,647 shares during the same period.

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