In the last trading session, 7.26 million American Express Company (NYSE:AXP) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $163.75 changed hands at $1.97 or 1.22% during last session, the market valuation stood at $119.14B. AXP’s last price was a discount, traded about -11.24% off its 52-week high of $182.15. The share price had its 52-week low at $130.65, which suggests the last value was 20.21% up since then. When we look at American Express Company’s average trading volume, we note the 10-day average is 3.26 million shares, with the 3-month average coming to 2.76 million.
Analysts gave the American Express Company (AXP) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 4 out of 27 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 9 recommended AXP as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. American Express Company’s EPS for the current quarter is expected to be $Advance Auto Parts Inc..
American Express Company (NYSE:AXP) trade information
Instantly AXP was in green as seen at the end of in last trading. With action 4.01%, the performance over the past five days has been green. The jump to weekly highs of 164.33 on Friday, 09/15/23 added 1.22% to the stock’s daily price. The company’s shares are showing year-to-date upside of 10.83%, with the 5-day performance at 4.01% in the green. However, in the 30-day time frame, American Express Company (NYSE:AXP) is 1.86% up. Looking at the short shares, we see there were 6.76 million shares sold at short interest cover period of 2.84 days.
The consensus price target for the stock as assigned by Wall Street analysts is $183.24, meaning bulls need an upside of 10.64% from its current market value. According to analyst projections, AXP’s forecast low is $125.00 with $220.00 as the target high. To hit the forecast high, the stock’s price needs a -34.35% plunge from its current level, while the stock would need to tank 23.66% for it to hit the projected low.
American Express Company (AXP) estimates and forecasts
Data shows that the American Express Company share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1.88% over the past 6 months, a 12.99% in annual growth rate that is considerably higher than the industry average of 1.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.70%. The 2023 estimates are for American Express Company earnings to decrease by -1.80%, but the outlook for the next 5-year period is at 14.80% per year.
American Express Company is expected to release its next quarterly earnings report in October. The 1.47% annual yield figure for the share gives it an annual dividend of 2.40. It is important to note, however, that the 1.47% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
American Express Company (NYSE:AXP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.14% of American Express Company shares while 86.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.44%. There are 86.32% institutions holding the American Express Company stock share, with Berkshire Hathaway, Inc the top institutional holder. As of Jun 29, 2023, the company held 20.59% of the shares, roughly 151.61 million AXP shares worth $26.41 billion.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 6.44% or 47.42 million shares worth $8.26 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 17.37 million shares estimated at $3.03 billion under it, the former controlled 2.36% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 1.92% of the shares, roughly 14.16 million shares worth around $2.47 billion.