American Express Company [AXP] stock Upgrade by BofA Securities analyst, price target now $169



American Express Company [NYSE: AXP] surged by $2.29 during the normal trading session on Wednesday and reaching a high of $179.77 during the day while it closed the day at $179.60. The company report on October 20, 2021 that American Express and Goldman Sachs to Provide Integrated Digital Payments Solution for Corporate Clients.

This new innovative product will support multiple payment options, making B2B payments easier and more efficient for large companies.

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American Express (NYSE: AXP) and Goldman Sachs Transaction Banking (TxB) announced a collaboration to provide large corporate clients with a cloud-based payments solution that will seamlessly support multiple payment options and offer data and analytics in one integrated platform.

American Express Company stock has also gained 6.45% of its value over the past 7 days. However, AXP stock has inclined by 5.09% in the 3 months of the year. Over the past six months meanwhile, it has gained 22.04% and gained 48.54% year-on date.

The market cap for AXP stock reached $139.19 billion, with 801.00 million shares outstanding and 793.35 million shares in the current float. Compared to the average trading volume of 3.63M shares, AXP reached a trading volume of 2382202 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $183.52 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 2.50. 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.

BofA Securities have made an estimate for American Express Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 16, 2021. The new note on the price target was released on August 30, 2021, representing the official price target for American Express Company stock. Previously, the target price had yet another raise to $180, while Daiwa Securities analysts kept a Neutral rating on AXP stock. On July 09, 2021, analysts increased their price target for AXP shares from 138 to 183.

The Average True Range (ATR) for American Express Company is set at 4.21, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 3.66. The Price to Book ratio for the last quarter was 5.63, with the Price to Cash per share for the same quarter was set at 35.53. Price to Free Cash Flow for AXP in the course of the last twelve months was 16.66.

AXP stock trade performance evaluation

American Express Company [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.45. With this latest performance, AXP shares gained by 10.00% in over the last four-week period, additionally plugging by 22.04% over the last 6 months – not to mention a rise of 74.13% 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 62.58, with the RSI for the last a single of trading hit 65.84, and the three-weeks RSI is set at 60.36 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 167.44, while it was recorded at 176.21 for the last single week of trading, and 154.17 for the last 200 days.

American Express Company [AXP]: An insightful look at the core 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 per share (EPS) analysis for American Express Company [AXP] stock

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 40.95%.

American Express Company [AXP]: Insider Ownership positions

There are presently around $122,898 million, or 87.30% 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; BLACKROCK INC., holding 48,691,683 shares of the stock with an approximate value of $8.75 billion in AXP stocks shares; and VANGUARD GROUP INC, currently with $8.61 billion in AXP stock with ownership of nearly 0.661% 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 October and at the time of the October reporting period, where 738 institutional holders increased their position in American Express Company [NYSE:AXP] by around 24,828,374 shares. Additionally, 790 investors decreased positions by around 23,434,390 shares, while 380 investors held positions by with 636,023,804 shares. The mentioned changes placed institutional holdings at 684,286,568 shares, according to the latest SEC report filing. AXP stock had 131 new institutional investments in for a total of 3,775,440 shares, while 77 institutional investors sold positions of 2,316,762 shares during the same period.



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