American Express Co. [NYSE: AXP] traded at a low on Thursday, posting a -0.30 loss after which it closed the day’ session at $249.20.
The results of the trading session contributed to over 3931075 shares changing hands. Over the past one week, the price volatility of American Express Co. stands at 1.86% while the volatility over the past one month is 1.65%.
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The market cap for AXP stock reached $179.25 billion, with 723.00 million shares outstanding and 718.40 million shares in the current float. Compared to the average trading volume of 2.92M shares, AXP reached a trading volume of 3931075 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 Co. [AXP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXP shares is $247.74 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 2.29. 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.
Compass Point have made an estimate for American Express Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 16, 2024. While these analysts kept the previous recommendation, Monness Crespi & Hardt raised their target price from $250 to $260. The new note on the price target was released on July 15, 2024, representing the official price target for American Express Co. stock. Previously, the target price had yet another raise to $250, while Citigroup analysts kept a Neutral rating on AXP stock.
The Average True Range (ATR) for American Express Co. is set at 4.22, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 2.58. The Price to Book ratio for the last quarter was 6.23, with the Price to Cash per share for the same quarter was set at 75.37. Price to Free Cash Flow for AXP in the course of the last twelve months was 7.83.
How has AXP stock performed recently?
American Express Co. [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.38. With this latest performance, AXP shares gained by 9.17% in over the last four-week period, additionally plugging by 37.68% over the last 6 months – not to mention a rise of 39.97% 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 74.18, with the RSI for the last a single of trading hit 81.48, and the three-weeks RSI is set at 68.59 for American Express Co. [AXP]. The present Moving Average for the last 50 days of trading for this stock 236.08, while it was recorded at 246.28 for the last single week of trading, and 202.51 for the last 200 days.
Earnings analysis for American Express Co. [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 Co. go to 15.10%.
Insider trade positions for American Express Co. [AXP]
The top three institutional holders of AXP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AXP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AXP stock with ownership which is approximately 5.1238%.
