American Express Co. [NYSE: AXP] closed the trading session at $249.50.
The stocks have a year to date performance of 33.18 percent and weekly performance of 6.83 percent. The stock has been moved at 18.30 percent over the last six months. The stock has performed -0.18 percent around the most recent 30 days and changed 3.23 percent over the most recent 3-months.
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If compared to the average trading volume of 2.79M shares, AXP reached to a volume of 2640244 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 Co. [AXP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AXP shares is $254.05 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 2.21. 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.
Monness Crespi & Hardt have made an estimate for American Express Co. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2024. While these analysts kept the previous recommendation, Compass Point raised their target price to Neutral. The new note on the price target was released on July 16, 2024, representing the official price target for American Express Co. stock. Previously, the target price had yet another raise from $250 to $260, while Monness Crespi & Hardt kept a Buy rating on AXP stock.
The Average True Range (ATR) for American Express Co. is set at 5.95, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 2.49. The Price to Book ratio for the last quarter was 6.01, with the Price to Cash per share for the same quarter was set at 74.40. Price to Free Cash Flow for AXP in the course of the last twelve months was 7.61.
AXP stock trade performance evaluation
American Express Co. [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.83. With this latest performance, AXP shares dropped by -0.18% in over the last four-week period, additionally plugging by 18.30% over the last 6 months – not to mention a rise of 54.10% 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 59.85, with the RSI for the last a single of trading hit 64.18, and the three-weeks RSI is set at 57.97 for American Express Co. [AXP]. The present Moving Average for the last 50 days of trading for this stock 236.88, while it was recorded at 241.43 for the last single week of trading, and 211.83 for the last 200 days.
Earnings per share (EPS) analysis for American Express Co. [AXP] stock
With the latest financial reports released by the company, American Express Co. posted 3.3/share EPS, while the average EPS was predicted by analysts to be reported at 2.94/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.36. 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 15.35%.
American Express Co. [AXP]: Institutional Ownership
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%.
