The stock of American Express Co. (NYSE: AXP) has increased by 0.29 when compared to last closing price of 276.52. Despite this, the company has experienced a 3.05% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-15 that AXP is expected to have benefited from strong loan growth and network volumes. However, rising expenses might have acted as a partial offset.
Is It Worth Investing in American Express Co. (NYSE: AXP) Right Now?
American Express Co. (NYSE: AXP) has a higher price-to-earnings ratio of 20.69x compared to its average ratio, The 36-month beta value for AXP is at 1.21. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 6 rating it as “overweight,” 16 as “hold,” and 2 as “sell.”
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The public float for AXP is 710.01M, and currently, shorts hold a 1.25% of that float. The average trading volume for AXP on October 16, 2024 was 2.72M shares.
AXP’s Market Performance
The stock of American Express Co. (AXP) has seen a 3.05% increase in the past week, with a 6.21% rise in the past month, and a 10.94% gain in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 1.72% for AXP. The simple moving average for the past 20 days is 2.54% for AXP’s stock, with a 19.63% simple moving average for the past 200 days.
Analysts’ Opinion of AXP
Many brokerage firms have already submitted their reports for AXP stocks, with Monness Crespi & Hardt repeating the rating for AXP by listing it as a “Buy.” The predicted price for AXP in the upcoming period, according to Monness Crespi & Hardt is $300 based on the research report published on October 14, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see AXP reach a price target of $270, previously predicting the price at $265. The rating they have provided for AXP stocks is “Hold” according to the report published on October 08th, 2024.
BTIG Research gave a rating of “Sell” to AXP, setting the target price at $230 in the report published on October 08th of the current year.
AXP Trading at 7.56% 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 -0.14% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +4.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.75% upper at present.
During the last 5 trading sessions, AXP rose by +3.05%, which changed the moving average for the period of 200-days by +47.66% in comparison to the 20-day moving average, which settled at $270.44. In addition, American Express Co. saw 48.02% 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 Pickett Denise, who sale 2,768 shares at the price of $240.68 back on May 22 ’24. After this action, Pickett Denise now owns 12,560 shares of American Express Co., valued at $666,213 using the latest closing price.
Joabar Raymond, the Grp. Pres., GMNS of American Express Co., sale 2,230 shares at $242.88 during a trade that took place back on May 20 ’24, which means that Joabar Raymond is holding 12,707 shares at $541,622 based on the most recent closing price.
Stock Fundamentals for AXP
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.6 for the gross margin
The net margin for American Express Co. stands at 0.15. The total capital return value is set at 0.13. Equity return is now at value 34.71, with 3.78 for asset returns.
Based on American Express Co. (AXP), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 1.8. The interest coverage ratio of the stock is 2.02.
Currently, EBITDA for the company is 12.16 billion with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 2.93. The receivables turnover for the company is 1.13for trailing twelve months and the total asset turnover is 0.25.
Conclusion
In conclusion, American Express Co. (AXP) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
