In the last trading session, 4.68 million shares of the American Express Co. (NYSE:AXP) were traded, and its beta was 1.20. Most recently the company’s share price was $238.96, and it changed around $5.96 or 2.56% from the last close, which brings the market valuation of the company to $171.88B. AXP currently trades at a discount to its 52-week high of $235.37, offering almost 1.5% off that amount. The share price’s 52-week low was $140.91, which indicates that the current value has risen by an impressive 41.03% since then. We note from American Express Co.’s average daily trading volume that its 3-month average coming to 3.21 million.
American Express Co. stock received a consensus recommendation rating of Hold, based on a mean score of 2.26. If we narrow it down even further, the data shows that 2 out of 28 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 16 recommended AXP as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. American Express Co. is expected to report earnings per share of $3.06 for the current quarter.
American Express Co. (NYSE:AXP) trade information
Instantly AXP has showed a green trend with a performance of 2.56% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 27.55% year-to-date, but still up 9.44% over the last five days. On the other hand, American Express Co. (NYSE:AXP) is 5.75% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $189.12, which translates to bulls needing to decrease their stock price by -26.35% from its current value. Analyst projections state that AXP is forecast to be at a low of $143 and a high of $250.
American Express Co. (AXP) estimates and forecasts
American Express Co. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 68.79 percent over the past six months and at a 14.81% annual growth rate that is well above the industry average of 10.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 5.90% in revenue this quarter, and will report a decrease of -5.80% in the next quarter. The year-over-year growth rate is expected to be 3.00%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of $15.58 billion in revenue for the current quarter. 17 analysts expect American Express Co. to make $15.74 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $15.05 billion and $15.38 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.50%. Forecasts for the next quarter put sales growth at 2.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.25%. American Express Co. earnings are expected to increase by 15.52% in 2024, but the outlook is positive 14.63% per year for the next five years.
AXP Dividends
American Express Co.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.05 percent and its annual dividend per share was 2.50. It is important to note, however, that the 1.05% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
