Now Is A Suitable Moment For A Long-Term Purchase Of American Express Co. (NYSE: AXP)

Currently, there are 723.00M common shares owned by the public and among those 710.01M shares have been available to trade.

The company’s stock has a 5-day price change of -3.50% and 5.58% over the past three months. AXP shares are trading 31.00% year to date (YTD), with the 12-month market performance up to 55.89% higher. It has a 12-month low price of $140.91 and touched a high of $261.75 over the same period. AXP has an average intraday trading volume of 2.80 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 -2.04%, 0.44%, and 11.69% respectively.

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Institutional ownership of American Express Co. (NYSE: AXP) shares accounts for 87.08% of the company’s 723.00M shares outstanding.

It has a market capitalization of $174.47B and a beta (3y monthly) value of 1.21. The stock’s trailing 12-month PE ratio is 18.31, while the earnings-per-share (ttm) stands at $13.40. The company has a PEG of 1.19 and the debt-to-equity ratio at 1.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.15% over the week and 1.98% over the month.

Earnings per share for the fiscal year are expected to increase by 21.15%, and 9.61% over the next financial year. EPS should grow at an annualized rate of 15.40% 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. BofA Securities stated their Neutral rating for the stock in a research note on August 21, 2024, with the firm’s price target at $263. Monness Crespi & Hardt coverage for the American Express Co. (AXP) stock in a research note released on July 22, 2024 offered a Buy rating with a price target of $265. Compass Point was of a view on July 16, 2024 that the stock is Neutral, while Monness Crespi & Hardt gave the stock Buy rating on July 15, 2024, issuing a price target of $250- $260. Citigroup on their part issued Neutral rating on June 10, 2024.

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