American Express Co. (NYSE: AXP) Loses -5.76% From High. Why That Could Change?

Currently, there are 723.00M common shares owned by the public and among those 722.90M shares have been available to trade.

The company’s stock has a 5-day price change of -0.68% and 20.65% over the past three months. AXP shares are trading 16.55% year to date (YTD), with the 12-month market performance up to 33.77% higher. It has a 12-month low price of $140.91 and touched a high of $231.69 over the same period. AXP has an average intraday trading volume of 3.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.30%, -0.10%, and 21.71% respectively.

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Institutional ownership of American Express Co. (NYSE: AXP) shares accounts for 86.86% of the company’s 723.00M shares outstanding.

It has a market capitalization of $158.05B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 19.47, while the earnings-per-share (ttm) stands at $11.22. The company has a PEG of 1.33 and the debt-to-equity ratio at 1.75. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.81% over the week and 1.65% over the month.

Analysts forecast that American Express Co. (AXP) will achieve an EPS of $American Electric Power Company for the current quarter, $79.51 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Advance Auto Parts Inc. while analysts give the company a high EPS estimate of $Automatic Data Processing, Inc.. Comparatively, EPS for the current quarter was $Eagle Materials Inc a year ago. Earnings per share for the fiscal year are expected to increase by 14.58%, and 14.92% over the next financial year. EPS should grow at an annualized rate of 14.67% over the next five years, compared to 7.25% over the past 5-year period.

Looking at the support for the AXP, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on April 09, 2024, with the firm’s price target at $220-$221. Monness Crespi & Hardt coverage for the American Express Co. (AXP) stock in a research note released on April 05, 2024 offered a Buy rating with a price target of $245. Morgan Stanley was of a view on February 08, 2024 that the stock is Equal-Weight, while Deutsche Bank gave the stock Buy rating on January 10, 2024, issuing a price target of $235. BMO Capital Markets on their part issued Underperform rating on January 10, 2024.

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