American Express Co. [NYSE: AXP] gained 1.46% or 4.1 points to close at $285.78 with a heavy trading volume of 3553231 shares.
The daily chart for AXP points out that the company has recorded 31.39% gains over the past six months.
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If we look at the average trading volume of 2.70M shares, AXP reached to a volume of 3553231 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $272.33 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 2.46. 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 October 14, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $265 to $270. The new note on the price target was released on October 08, 2024, representing the official price target for American Express Co. stock. Previously, the target price had yet another raise to $230, while BTIG Research analysts kept a Sell rating on AXP stock. On October 07, 2024, analysts increased their price target for AXP shares from 268 to 286.
The Average True Range (ATR) for American Express Co. is set at 5.07, with the Price to Sales ratio for AXP stock in the period of the last 12 months amounting to 2.86. The Price to Book ratio for the last quarter was 6.89, 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 8.72.
Trading performance analysis for AXP stock
American Express Co. [AXP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.66. With this latest performance, AXP shares gained by 9.00% in over the last four-week period, additionally plugging by 31.39% over the last 6 months – not to mention a rise of 85.10% 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 71.21, with the RSI for the last a single of trading hit 76.34, and the three-weeks RSI is set at 67.85 for American Express Co. [AXP]. The present Moving Average for the last 50 days of trading for this stock 259.98, while it was recorded at 279.49 for the last single week of trading, and 232.77 for the last 200 days.
American Express Co. [AXP]: An earnings per share (EPS) analysis
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 15.61%.
An analysis of Institutional ownership at American Express Co. [AXP]
There are presently around $65.25%, or 83.06%% of AXP stock, in the hands of institutional investors. The top three institutional holders of AXP stocks are: BERKSHIRE HATHAWAY INC with ownership of 151.61 million shares, which is approximately 21.0278%. VANGUARD GROUP INC, holding 45.2 million shares of the stock with an approximate value of $$10.47 billion in AXP stocks shares; and VANGUARD GROUP INC, currently with $$9.7 billion in AXP stock with ownership which is approximately 5.811%.
