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The closing price of American Express Co. (NYSE: AXP) was $254.31 for the day, down -1.68% from the previous closing price of $258.65. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 2.95 million shares were traded. AXP stock price reached its highest trading level at $257.48 during the session, while it also had its lowest trading level at $252.79.
Ratios:
Our analysis of AXP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.76. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.74.
On July 22, 2024, Monness Crespi & Hardt reiterated its Buy rating and also lowered its target price recommendation from $260 to $265.
On July 16, 2024, Compass Point started tracking the stock assigning a Neutral rating and target price of $260.Compass Point initiated its Neutral rating on July 16, 2024, with a $260 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 22 ’24 when Pickett Denise sold 2,768 shares for $240.68 per share. The transaction valued at 666,213 led to the insider holds 12,560 shares of the business.
Joabar Raymond sold 2,230 shares of AXP for $541,622 on May 20 ’24. The Grp. Pres., GMNS now owns 12,707 shares after completing the transaction at $242.88 per share. On May 20 ’24, another insider, Joabar Raymond, who serves as the Grp. Pres., GMNS of the company, sold 425 shares for $242.70 each. As a result, the insider received 103,148 and left with 2,393 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AXP now has a Market Capitalization of 180792033280 and an Enterprise Value of 181371944960. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.97, and their Forward P/E ratio for the next fiscal year is 17.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 6.13. Its current Enterprise Value per Revenue stands at 3.121.
Stock Price History:
Over the past 52 weeks, AXP has reached a high of $261.75, while it has fallen to a 52-week low of $140.91. The 50-Day Moving Average of the stock is 4.95%, while the 200-Day Moving Average is calculated to be 16.94%.
Shares Statistics:
AXP traded an average of 2.80M shares per day over the past three months and 2485320 shares per day over the past ten days. A total of 723.00M shares are outstanding, with a floating share count of 710.00M. Insiders hold about 0.13% of the company’s shares, while institutions hold 87.09% stake in the company. Shares short for AXP as of 1723680000 were 9421681 with a Short Ratio of 3.37, compared to 1721001600 on 8373073. Therefore, it implies a Short% of Shares Outstanding of 9421681 and a Short% of Float of 1.6900001000000002.
Dividends & Splits
With its trailing 12-month dividend rate of 2.6, AXP has a forward annual dividend rate of 2.60. Against a Trailing Annual Dividend Yield of 0.010052194The stock’s 5-year Average Dividend Yield is 1.29.
