Market Analysts see American Express Company [AXP] gaining to $126. Time to buy?

American Express Company [NYSE: AXP] traded at a high on 06/01/21, posting a 2.27 gain after which it closed the day’ session at $163.76. The company report on June 1, 2021 that Global Business Spend Indicator, New Survey by American Express, Shows U.S. Businesses Have Bullish Outlook on B2B Spending.

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Survey indicates that U.S. spending is on the rise across nine key business-to-business (B2B) categories.

U.S. survey respondents cited that raw or processed materials, such as lumber, metals, and chemicals, are outpacing all other B2B spending categories.

The results of the trading session contributed to over 3820312 shares changing hands. Over the past one week, the price volatility of American Express Company stands at 1.27% while the volatility over the past one month is 1.73%.

The market cap for AXP stock reached $131.23 billion, with 804.00 million shares outstanding and 802.18 million shares in the current float. Compared to the average trading volume of 3.04M shares, AXP reached a trading volume of 3820312 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $151.47 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 2.40. 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.

Robert W. Baird have made an estimate for American Express Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 16, 2021. The new note on the price target was released on January 28, 2021, representing the official price target for American Express Company stock. Previously, the target price had yet another raise to $148, while JP Morgan analysts kept a Overweight rating on AXP stock.

The Average True Range (ATR) for American Express Company is set at 2.99, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 3.69. The Price to Book ratio for the last quarter was 5.39, with the Price to Cash per share for the same quarter was set at 49.34. Price to Free Cash Flow for AXP in the course of the last twelve months was 18.17.

How has AXP stock performed recently?

American Express Company [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.23. With this latest performance, AXP shares gained by 6.79% in over the last four-week period, additionally plugging by 35.80% over the last 6 months – not to mention a rise of 69.26% 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 70.87, with the RSI for the last a single of trading hit 76.81, and the three-weeks RSI is set at 67.51 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 150.71, while it was recorded at 160.04 for the last single week of trading, and 124.41 for the last 200 days.

American Express Company [AXP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and American Express Company [AXP] shares currently have an operating margin of +14.62 and a Gross Margin at +69.21. American Express Company’s Net Margin is presently recorded at +8.16.

Return on Total Capital for AXP is now 7.20, given the latest momentum, and Return on Invested Capital for the company is 5.22. Return on Equity for this stock inclined to 13.53, with Return on Assets sitting at 1.60. When it comes to the capital structure of this company, American Express Company [AXP] has a Total Debt to Total Equity ratio set at 195.05. Additionally, AXP Total Debt to Total Capital is recorded at 66.11, with Total Debt to Total Assets ending up at 23.43. Long-Term Debt to Equity for the company is recorded at 135.41, with the Long-Term Debt to Total Capital now at 45.89.

Reflecting on the efficiency of the workforce at the company, American Express Company [AXP] managed to generate an average of $48,901 per employee. Receivables Turnover for the company is 0.76 with a Total Asset Turnover recorded at a value of 0.20.

Earnings analysis for American Express Company [AXP]

With the latest financial reports released by the company, American Express Company posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 363.60%. 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 22.11%.

Insider trade positions for American Express Company [AXP]

There are presently around $111,777 million, or 86.80% 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 47,609,422 shares of the stock with an approximate value of $7.8 billion in AXP stocks shares; and BLACKROCK INC., currently with $7.59 billion in AXP stock with ownership of nearly -0.243% of the company’s market capitalization.

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Positions in American Express Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 744 institutional holders increased their position in American Express Company [NYSE:AXP] by around 32,177,094 shares. Additionally, 827 investors decreased positions by around 32,221,360 shares, while 313 investors held positions by with 618,170,058 shares. The mentioned changes placed institutional holdings at 682,568,512 shares, according to the latest SEC report filing. AXP stock had 169 new institutional investments in for a total of 3,720,713 shares, while 109 institutional investors sold positions of 10,953,771 shares during the same period.

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