American Express Co. (AXP) concluded trading on Thursday at a closing price of $218.20, with 3.01 million shares of worth about $655.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.57% during that period and on April 11, 2024 the price saw a gain of about 0.25%. Currently the company’s common shares owned by public are about 723.00M shares, out of which, 722.90M shares are available for trading.
Stock saw a price change of -0.63% in past 5 days and over the past one month there was a price change of -2.00%. Year-to-date (YTD), AXP shares are showing a performance of 16.47% which increased to 34.83% 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 $231.69 during that period. The average intraday trading volume for American Express Co. shares is 3.11 million. The stock is currently trading -2.52% below its 20-day simple moving average (SMA20), while that difference is up 0.26% for SMA50 and it goes to 22.14% 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 86.90% of that.
The stock has a current market capitalization of $157.95B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 19.46, while it has posted earnings per share of $11.22 in the same period. Its PEG reads 1.32 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 1.83% while standing at 1.65% over the month.
Stock’s fiscal year EPS is expected to rise by 14.54% while it is estimated to increase by 14.89% 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 Barclays on April 09, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $220 and $221 to it. Coverage by Monness Crespi & Hardt stated American Express Co. (AXP) stock as a Buy in their note to investors on April 05, 2024, suggesting a price target of $245 for the stock. On February 08, 2024, Morgan Stanley Downgrade their recommendations, while on January 10, 2024, Deutsche Bank Initiated their ratings for the stock with a price target of $235. Stock get an Underperform rating from BMO Capital Markets on January 10, 2024.
