American Express Company (NYSE:AXP) saw an upside of 0.84% to close Tuesday at $174.91 after adding $1.45 on the day. The 5-day average trading volume is 2,889,000 shares of the company’s common stock. It has gained $176.98 in the past week. An average of 3,511,065 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,487,942.
AXP’s 1-month performance is 8.34% or $16.19 on its low of $157.95 reached on 09/20/21. The company’s shares have touched a 52-week low of $89.11 and high of $179.67, with the stock’s rally to the 52-week high happening on 07/23/21. YTD, AXP has achieved 44.66% or $54.00. However, the current price is down -2.65%% from the 52-week high price.
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On Sep 10, 33 days have gone by since the last insider trading activity for American Express Company (AXP). GORDON MARC D (Chief Information Officer) most recently sold 13,424 shares at $159.24 per share on Sep 10. This transaction cost the insider $2,137,638. Vice Chairman and CFO, CAMPBELL JEFFREY C, sold 74,677 shares at a price of $170.48 on Aug 02. Then, on Jun 17, Chief Legal Officer Seeger Laureen sold 20,625 shares at a price of $165.44 per share. This transaction amounted to $3,412,248.
The company’s PE ratio for the last five years has touched a high of 39.97 and a low of 8.642. AXP stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.64 while the price-to-book (PB) in the most recent quarter is 5.49, with the price to cash flow ratio at 16.55.
American Express Company pays an annual dividend of $1.72 per share. Its dividend yield is 0.98% and the payout ratio is 20.00%. AXP paid $0.43 a share compared with prior rate of $0.43, down 0.0% from last year’s. The company latest dividend increase of $0.04 reported on Tuesday September 24 2019. Measured over the last 3 years, the Dividend has been growing by -1.53% yearly.
It is projected that American Express Company’s next ex-dividend date will be on 5-Jan. AXP is expected to distribute $0.43 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.46, while the total debt to equity was 4.86. In terms of profitability, the gross margin trailing 12 months is 70.60%. while for the period ending June 29; American Express Company’s operating margin was 24.10%. The firm’s gross profit as reported stood at $7.99 billion against revenue of $10.08 billion.
For the quarterly period ending June 29 this year, American Express Company’s cash and short-term investments amounted to $1.42 billion against total debt of $39.32 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AXP to announce $1.67 per share in earnings in its latest quarter, but it posted $2.8, representing a 67.70% surprise. AXP stock balance sheet for the quarter ending June 29 shows that, with total debt at $39.32 billion. Shareholders hold equity totaling $794.43 million
Let’s look briefly at American Express Company (AXP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 59.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.88%.
The stock’s 5-day moving average is $174.24, reflecting a +0.09% or $0.15 change from its current price. AXP is currently trading +9.68% above its 20-day SMA, +12.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +3.33% and +49.05% respectively.
Stochastic %K and %D was 68.70% and 72.87% and the average true range (ATR) pointed at 4.10. The RSI (14) points at 58.73%, while the 14-day stochastic is at 65.85% with the period’s ATR at 4.06. The stock’s 9-day MACD Oscillator is pointing at 1.16 and 0.89 on the 14-day charts.
In the most recent analyst report for American Express Company (NYSE: AXP), BofA Securities upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for AXP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate AXP as a “sell,”, while 14 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 12 have offered a “buy” rating.
What is AXP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $140.00 and a high of $215.00, with their median price target at $185.00. Looking at these predictions, the average price target given by analysts is for American Express Company (AXP) stock is $182.22.