American Express Company (NYSE:AXP) finished Friday with an addition of $0.53 to close at $158.32, an upside of 0.34 percent. An average of 2,361,360 shares of common stock have been traded in the last five days. There was a fall of -$1.91 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,290,705 shares traded, while the 50-day average volume stands at 2,746,912.
AXP stock has decreased by -3.23% in the last month. The company shares reached their 1-month lowest point of $157.33 on 08/25/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $130.65 and a high of $182.15 in 52 weeks. It has reached a new high 14 times so far this year and achieved 7.15% or $10.57 in price. In spite of this, the price is down -13.08% 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 99 days ago on May 19. In this transaction, the insider spent $3,491,018. President, U.S. Consumer Serv, Grosfield Howard, disposed of 5,456 shares at a price of $174.52 on Mar 08. The insider now owns more than $952,187 worth of shares. Prior to that, Chief Colleague Experience Off Herena Monique went on to Sale 15,217 shares at $173.18 each on Mar 02. An amount of $2,635,280 was transacted.
Valuation Metrics
American Express Company (AXP) has a trailing price-to-earnings (P/E) ratio of 16.11. The stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.93, the price-to-book (PB) ratio at 4.39, and the price-to-cash flow ratio at 7.90.
The company has a payout ratio of 21.90%. The company’s most recent quarterly dividend payment was $0.60 a share, without any change from last year. Its latest increase dividend $0.08 reported on Wednesday March 8 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.75 and a total debt to equity ratio of 6.41 for the quarter ending June 29. Its gross profit as reported stood at $9.89 billion compared to revenue of $12.66 billion.
Earnings Surprise
For the three-month period that ended June 29, American Express Company had $46.73 billion in total debt. The analyst consensus anticipated American Express Company’s latest quarter earnings to come in at $2.81 per share, but it turned out to be $2.89, a 2.80% surprise. At the end of the quarter ending June 29, American Express Company’s stock balance sheet showed total debt was $48.83 billion. Shareholders own equity worth $736.46 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at American Express Company (AXP) price momentum. RSI 9-day as of the close on 25 August was 30.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.48%.
As of today, AXP’s price is $159.10 -1.19% or -$1.91 from its 5-day moving average. AXP is currently trading -4.30% lower than its 20-day SMA and -3.33% lower than its 100-day SMA. However, the stock’s current price level is -9.26% below the SMA50 and +7.72% above the SMA200.
The stochastic %K and %D were 6.69% and 7.68%, respectively, and the average true range (ATR) was 2.69. With the 14-day stochastic at 10.80% and the average true range at 2.86, the RSI (14) stands at 34.71%. The stock has reached -1.37 on the 9-day MACD Oscillator while the 14-day reading was at -3.17.
Analyst Ratings
Piper Sandler downgraded American Express Company (NYSE: AXP) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for American Express Company (AXP) among analysts is Overweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell AXP, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.
What is AXP’s price target for the next 12 months?
Analysts predict a range of price targets between $125.00 and $220.00, with a median target of $188.00. Taking a look at these predictions, the average price target given by analysts for American Express Company (AXP) stock is $183.10.
