In yesterday’s Wall Street session, American Express Co. (NYSE:AXP) shares traded at $242.38, down -2.74% from the previous session.
AXP stock price is now 2.67% away from the 50-day moving average and 19.69% away from the 200-day moving average. The market capitalization of the company currently stands at $174.34B.
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With the price target of $260, Compass Point recently initiated with Neutral rating for American Express Co. (NYSE: AXP). On July 15, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $250 to quote $260, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Pickett Denise, Pres., GSG and TLS sold 2,768 shares of the company’s stock on May 22 ’24. The stock was sold for $666,213 at an average price of $240.68. Upon completion of the transaction, the Pres., GSG and TLS now directly owns 12,560 shares in the company, valued at $3.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Grp. Pres., GMNS Joabar Raymond sold 2,230 shares of the business’s stock. A total of $541,622 was realized by selling the stock at an average price of $242.88. This leaves the insider owning 12,707 shares of the company worth $3.08 million. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, American Express Co. has had a low of $140.91 and a high of $253.73. According to the stock market information, the enterprise value for the company is $172890767360, which is based on a 18.08 price-to-earnings ratio, a 1.20 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for AXP is $235.9464 and a two-hundred day moving average price translates $205.57985 for the stock.
The latest earnings results from American Express Co. (NYSE: AXP) was released for 2024-06-30. The net profit margin was 13.64% and return on equity was 34.71% for AXP. The company reported revenue of $5.78 billion for the quarter, compared to $4.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.77 percent.
