BofA Securities slashes price target on American Express Company [AXP] – find out why.


American Express Company [NYSE: AXP] jumped around 5.4 points on Tuesday, while shares priced at $173.61 at the close of the session, up 3.21%. The company report on December 23, 2021 that American Express and the U.S. Black Chambers, Inc. Create A Pop-Up with A Purpose.

Northampton, MA –News Direct– American Express.

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The Los Angeles community experienced the first-ever ByBlack Bazaar by American Express, a pop-up holiday marketplace where consumers supported local and national Black-owned small businesses from December 11-12, 2021. The marketplace gave shoppers the opportunity to explore unique products from small businesses who are part of the ByBlack program, founded by the U.S. Black Chambers, Inc. (USBC) and presented by American Express.

American Express Company stock is now 6.12% up from its year-to-date (YTD) trading value. AXP Stock saw the intraday high of $174.05 and lowest of $169.60 per share. The company’s 52-week high price is 189.03, which means current price is +5.60% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 3.70M shares, AXP reached a trading volume of 4764023 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 $191.83 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 2.50. 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. While these analysts kept the previous recommendation, Seaport Global Securities raised their target price to Neutral. 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 4.64, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 3.45. The Price to Book ratio for the last quarter was 5.59, with the Price to Cash per share for the same quarter was set at 34.29. Price to Free Cash Flow for AXP in the course of the last twelve months was 13.51.

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 5.60. With this latest performance, AXP shares gained by 11.33% in over the last four-week period, additionally plugging by 1.54% over the last 6 months – not to mention a rise of 46.30% 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 63.32, with the RSI for the last a single of trading hit 72.87, and the three-weeks RSI is set at 58.06 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 168.97, while it was recorded at 166.68 for the last single week of trading, and 164.05 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]

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 43.30%.

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Insider trade positions for American Express Company [AXP]

There are presently around $111,220 million, or 84.90% 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 47,805,713 shares of the stock with an approximate value of $8.04 billion in AXP stocks shares; and VANGUARD GROUP INC, currently with $7.99 billion in AXP stock with ownership of nearly -0.842% of the company’s market capitalization.

Positions in American Express Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 776 institutional holders increased their position in American Express Company [NYSE:AXP] by around 19,964,739 shares. Additionally, 768 investors decreased positions by around 34,907,859 shares, while 395 investors held positions by with 606,326,978 shares. The mentioned changes placed institutional holdings at 661,199,576 shares, according to the latest SEC report filing. AXP stock had 123 new institutional investments in for a total of 4,941,221 shares, while 74 institutional investors sold positions of 1,021,098 shares during the same period.