Market Analysts see American Express Company [AXP] gaining to $200. Time to buy?

Related

American Express Company [NYSE: AXP] slipped around -1.02 points on Wednesday, while shares priced at $177.63 at the close of the session, down -0.57%. The company report on April 25, 2022 that American Express Global Consumer Services Group President to Participate in MoffettNathanson Payments, Processors, and IT Services Summit.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

American Express Company (NYSE: AXP) Vice Chairman and Group President of Global Consumer Services, Douglas E. Buckminster, will participate in the MoffettNathanson Payments, Processors, and IT Services Summit in New York on Wednesday, May 11, at 11:00 a.m EDT. Mr. Buckminster will participate in a question-and-answer session relating to the company’s global consumer services business.

A live audio webcast will be accessible to the general public through the American Express Investor Relations website at http://ir.americanexpress.com. An audio replay will be available after the event at the same website address.

American Express Company stock is now 8.58% up from its year-to-date (YTD) trading value. AXP Stock saw the intraday high of $179.41 and lowest of $175.50 per share. The company’s 52-week high price is 199.55, which means current price is +16.21% above from all time high which was touched on 02/16/22.

Compared to the average trading volume of 4.06M shares, AXP reached a trading volume of 4083298 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 $201.54 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.

JP Morgan have made an estimate for American Express Company shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 11, 2022. While these analysts kept the previous recommendation, Daiwa Securities raised their target price from $190 to $215. The new note on the price target was released on February 10, 2022, representing the official price target for American Express Company stock. Previously, the target price had yet another raise to $204, while BofA Securities analysts kept a Buy rating on AXP stock. On January 26, 2022, analysts increased their price target for AXP shares from 200 to 215.

The Average True Range (ATR) for American Express Company is set at 4.78, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 3.28. The Price to Book ratio for the last quarter was 6.15, with the Price to Cash per share for the same quarter was set at 26.96. Price to Free Cash Flow for AXP in the course of the last twelve months was 13.71.

How has AXP stock performed recently?

American Express Company [AXP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.75. With this latest performance, AXP shares dropped by -6.36% in over the last four-week period, additionally sinking by -1.83% over the last 6 months – not to mention a rise of 16.45% 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 43.01, with the RSI for the last a single of trading hit 39.36, and the three-weeks RSI is set at 45.45 for American Express Company [AXP]. The present Moving Average for the last 50 days of trading for this stock 183.65, while it was recorded at 181.33 for the last single week of trading, and 173.70 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 +26.35 and a Gross Margin at +65.30. American Express Company’s Net Margin is presently recorded at +18.33.

Return on Equity for this stock inclined to 35.45, with Return on Assets sitting at 4.21.

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 23.47%.

Insider trade positions for American Express Company [AXP]

There are presently around $115,888 million, or 87.20% 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 46,602,078 shares of the stock with an approximate value of $8.33 billion in AXP stocks shares; and BLACKROCK INC., currently with $8.2 billion in AXP stock with ownership of nearly -3.981% of the company’s market capitalization.

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 933 institutional holders increased their position in American Express Company [NYSE:AXP] by around 18,684,095 shares. Additionally, 817 investors decreased positions by around 34,534,578 shares, while 369 investors held positions by with 595,467,294 shares. The mentioned changes placed institutional holdings at 648,685,967 shares, according to the latest SEC report filing. AXP stock had 224 new institutional investments in for a total of 2,969,482 shares, while 99 institutional investors sold positions of 2,052,403 shares during the same period.