American Express Co. (AXP) concluded trading on Thursday at a closing price of $229.12, with 3.52 million shares of worth about $807.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 45.72% during that period and on March 21, 2024 the price saw a gain of about 0.53%. Currently the company’s common shares owned by public are about 723.00M shares, out of which, 722.90M shares are available for trading.
However, the stock later moved at a day high price of 231.69, or with a gain of 0.53%. Stock saw a price change of 3.92% in past 5 days and over the past one month there was a price change of 8.64%. Year-to-date (YTD), AXP shares are showing a performance of 22.30% which increased to 39.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $140.91 but also hit the highest price of $228.06 during that period. The average intraday trading volume for American Express Co. shares is 3.13 million. The stock is currently trading 4.21% above its 20-day simple moving average (SMA20), while that difference is up 10.71% for SMA50 and it goes to 30.99% higher than SMA200.
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American Express Co. (NYSE: AXP) currently have 723.00M outstanding shares and institutions hold larger chunk of about 86.95% of that.
The stock has a current market capitalization of $165.85B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 20.43, while it has posted earnings per share of $11.22 in the same period. Its PEG reads 1.39 while making debt-to-equity ratio of 1.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AXP, volatility over the week remained 1.74% while standing at 1.41% over the month.
Analysts are in expectations that American Express Co. (AXP) stock would likely to be making an EPS of $2.97 in the current quarter, while forecast for next quarter EPS is $3.21 and it is $14.78 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.47 which is $3.34 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 14.76% while it is estimated to increase by 15.03% in next year. EPS is likely to grow at an annualized rate of 14.70% for next 5-years, compared to annual growth of 7.25% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on February 08, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $212 and $222 to it. Coverage by Deutsche Bank stated American Express Co. (AXP) stock as a Buy in their note to investors on January 10, 2024, suggesting a price target of $235 for the stock. On January 10, 2024, BMO Capital Markets Downgrade their recommendations, while on January 08, 2024, Robert W. Baird Downgrade their ratings for the stock with a price target of $190. Stock get an Overweight rating from JP Morgan on January 04, 2024.
