The price-to-earnings ratio for American Express Company (NYSE: AXP) is above average at 16.66x, while the 36-month beta value is 1.18.Analysts have differing opinions on the stock, with 13 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 4 as “sell.”
The average price point forecasted by analysts for American Express Company (AXP) is $183.24, which is $17.71 above the current market price. The public float for AXP is 735.34M, and currently, short sellers hold a 0.92% ratio of that floaft. The average trading volume of AXP on September 18, 2023 was 2.76M shares.
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AXP) stock’s latest price update
The stock of American Express Company (NYSE: AXP) has increased by 1.22 when compared to last closing price of 161.78. Despite this, the company has experienced a 4.01% gain in its stock price over the last five trading sessions. PYMNTS reported 2023-09-17 that American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15) the company’s consumer card delinquency rate crept up to 1.2% in August, from 1.1% in July but still below 1.4% recorded in August 2019.
AXP’s Market Performance
American Express Company (AXP) has seen a 4.01% rise in stock performance for the week, with a 1.86% gain in the past month and a -5.79% plunge in the past quarter. The volatility ratio for the week is 1.33%, and the volatility levels for the past 30 days are at 1.36% for AXP. The simple moving average for the past 20 days is 2.89% for AXP’s stock, with a 0.70% simple moving average for the past 200 days.
Analysts’ Opinion of AXP
Many brokerage firms have already submitted their reports for AXP stocks, with RBC Capital Mkts repeating the rating for AXP by listing it as a “Outperform.” The predicted price for AXP in the upcoming period, according to RBC Capital Mkts is $200 based on the research report published on September 05, 2023 of the current year 2023.
AXP Trading at -0.79% from the 50-Day Moving Average
After a stumble in the market that brought AXP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.10% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares surge +1.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.21% lower at present.
During the last 5 trading sessions, AXP rose by +4.01%, which changed the moving average for the period of 200-days by +8.54% in comparison to the 20-day moving average, which settled at $159.31. In addition, American Express Company saw 10.83% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AXP starting from Herena Monique, who sale 22,841 shares at the price of $152.84 back on May 19. After this action, Herena Monique now owns 13,770 shares of American Express Company, valued at $3,491,018 using the latest closing price.
Grosfield Howard, the President, U.S. Consumer Serv of American Express Company, sale 5,456 shares at $174.52 during a trade that took place back on Mar 08, which means that Grosfield Howard is holding 7,045 shares at $952,187 based on the most recent closing price.
Stock Fundamentals for AXP
Current profitability levels for the company are sitting at:
- +19.70 for the present operating margin
- +63.84 for the gross margin
The net margin for American Express Company stands at +13.41. The total capital return value is set at 16.64, while invested capital returns managed to touch 14.14. Equity return is now at value 29.00, with 3.20 for asset returns.
Based on American Express Company (AXP), the company’s capital structure generated 177.74 points at debt to equity in total, while total debt to capital is 63.99. Total debt to assets is 19.10, with long-term debt to equity ratio resting at 137.84. Finally, the long-term debt to capital ratio is 49.63.
When we switch over and look at the enterprise to sales, we see a ratio of 2.11, with the company’s debt to enterprise value settled at 0.36. The receivables turnover for the company is 0.98 and the total asset turnover is 0.27.
Conclusion
In a nutshell, American Express Company (AXP) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
