The stock of American Express Company (NYSE:AXP) decreased by -$4.17 on Tuesday to finish at $161.91, down -2.51 percent. The last five days have seen an average of 2,275,740 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $14.16. The average number of shares traded over the last 20 days was 3,034,010, while the average volume over the last 50 days totaled 2,803,910.
AXP stock dropped -7.69% since last month. On 08/15/23, the company’s shares reached a one-month low of $161.70. The stock touched a high of $182.15 on 02/14/23, after rallying from a low of $130.65 in 52 weeks. The price of AXP stock has risen by 9.58% or $14.16 this year, reaching a new high 14 times. Still, the stock price is down -11.11% from the 52-week high.
Insider Transactions
AXP stock investors should be aware that American Express Company (AXP) stock had its last reported insider trading activity 89 days ago on May 19. On May 19, Chief Colleague Experience Off Herena Monique sold 22,841 shares at $152.84 each. This transaction resulted in the insider making $3,491,018. On Mar 08, Grosfield Howard sold 5,456 shares at a price of US$174.52. After the transaction, the insider now owns 7,045 shares. Chief Colleague Experience Off Herena Monique had earlier sold 15,217 shares on Mar 02 for $173.18 a share. The transaction was completed for $2,635,280.
Valuation Metrics
American Express Company (AXP) has a trailing price-to-earnings (P/E) ratio of 16.47. Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.95, the price-to-book (PB) ratio of 4.49, and the price-to-cash flow ratio of 7.98.
Company paid $0.60 per share in dividends, remained unchanged from $0.60 last year. A $0.08 dividend increase was reported on Wednesday March 8 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.75, and the total debt to equity ratio is 6.41. As far as profitability goes, gross margin for the trailing twelve months is 63.60% percent. American Express Company’s operating margin stood at 15.30% for the same period. Based on annual data, it had gross profit of $9.89 billion and revenue of $12.66 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AXP’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 4.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 29.00%.
Earnings Surprise
According to American Express Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that American Express Company’s quarterly earnings would be $2.89, but it ended up being $2.81, beating the consensus by 2.80%. At the end of American Express Company’s most recent quarter ended June 29, its total debt was $48.83 billion. Equity owned by shareholders amounts to $736.46 million.
Technical Picture
Here’s a quick look at American Express Company’s (AXP) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 34.54%, suggesting the stock is Neutral, with a 16.63% historical volatility rate.
The stochastic %K and %D were 29.32% and 26.66% respectively, while the average true range (ATR) was 3.29. Based on the 14-day stochastic reading of 2.59%, the RSI (14) reading is 38.47%. On the 9-day MACD Oscillator, the stock is at -0.61, and the 14-day reading is at -1.26.
Analyst Ratings
American Express Company (NYSE: AXP) was downgraded by Piper Sandler to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned American Express Company (AXP) an Overweight rating. AXP is a stock that is recommended for selling by 4 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 12 others recommend it as a buy.
What is AXP’s price target for the next 12 months?
The current consensus forecast for the stock is between $125.00 and $220.00, with a median target price of $188.00. In analyzing these forecasts, the average price target given by analysts for American Express Company (AXP) is $181.95.
