American Express Co. (AXP) concluded trading on Thursday at a closing price of $269.98, with 3.45 million shares of worth about $932.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.87% during that period and on October 24, 2024 the price saw a loss of about -0.46%. Currently the company’s common shares owned by public are about 723.00M shares, out of which, 703.55M shares are available for trading.
Stock saw a price change of -5.53% in past 5 days and over the past one month there was a price change of 1.43%. Year-to-date (YTD), AXP shares are showing a performance of 44.11% which increased to 86.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $141.02 but also hit the highest price of $286.36 during that period. The average intraday trading volume for American Express Co. shares is 2.74 million. The stock is currently trading -1.28% below its 20-day simple moving average (SMA20), while that difference is up 2.51% for SMA50 and it goes to 14.94% 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 86.99% of that.
The stock has a current market capitalization of $190.19B and its 3Y-monthly beta is at 1.22. PE ratio of stock for trailing 12 months is 19.86, while it has posted earnings per share of $13.60 in the same period. Its PEG reads 1.28 while making debt-to-equity ratio of 1.85. 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 2.09% while standing at 1.76% over the month.
Stock’s fiscal year EPS is expected to rise by 22.93% while it is estimated to increase by 9.56% in next year. EPS is likely to grow at an annualized rate of 15.54% 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 Monness Crespi & Hardt on October 14, 2024 offering a Buy rating for the stock and assigned a target price range of between $265 and $300 to it. Coverage by HSBC Securities stated American Express Co. (AXP) stock as a Hold in their note to investors on October 08, 2024, suggesting a price target of $270 for the stock. On October 08, 2024, BTIG Research Downgrade their recommendations, while on October 07, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $286. Stock get a Neutral rating from BofA Securities on August 21, 2024.
