American Express Company (AXP) Trigger Multiple Signals Fast

On the technicals front, American Express Company (NYSE:AXP) overall has 32% Buy rating. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the AXP’s short-term trajectory should know that short terms indicators for the stock averaged 40% Buy with an average daily trading volume over the past 20 days at 4123650 shares. AXP stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 4430104 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 3936995 shares, is 0% Hold on the basis of long term indicators.

The share price is currently staying around the first support level of $103.74. Below this, the next support is placed in the zone of $103.09. Till the time, the AXP stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 61.53 on daily chart, which may remain a cause for concern. If the price breaks below $103.09 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $104.91 mark may result into a pull-back move towards $105.43 level.

American Express Company (AXP) is projected to climb by 8.85 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $131 price as 12-month high target. This represents a whopping 25.49 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $114, which represents a return potential of 9.21 percent when compared to the closing price of the stock of $104.39 on Thursday, February 07. The lowest price target for the stock is $93 — slightly more than -10.91 percent from AXP’s current share price.

Here’s a rundown of insider trading activity for sense of American Express Company (NYSE:AXP). The earliest insider trade took place on 02/01/2019. Squeri Stephen J parted with a total of 12.5 thousand shares of company at average share price of $103.02. The total for the sales was set at $1.29 million. After this transaction, the Chairman and CEO account balance stood at 225.42 thousand shares. The stock grew 1.88 percent since that insider sale. On 11/01/2018, Squeri Stephen J, Chairman and CEO, sold 12.5 thousand shares at a price per share of $103.84. This removed 1.3 million shares from the insider’s fortune and the stock saw a 1.08 percent rally in value since the news became public. This transaction left 207.14 thousand shares in the Chairman and CEO account. On 09/12/2018, Chief Information Officer Gordon Marc D performed a sale transaction worth $2.8 million. This sale at $107.83 each has eliminated 25.95 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -2.66 percent decrease since the transaction was reported. The insider now is left with 19.74 thousand shares remaining in the account. Campbell Jeffrey C, who performs the CFO job, sold 9 thousand shares for $960.93 thousand. The disposal occurred on 09/04/2018 was priced at $106.77 per share. The share price plunged -1.7 percent since the reporting date. Campbell Jeffrey C now left with a stake of 50.77 thousand AXP stock worth $5.3 million after the insider selling.

AXP shares dropped -0.57 points or -0.54 percent on Thursday to $104.39 with a light trade volume of 3.757 million shares. After opening the session at $104.0568, the shares went as high as $104.78 and as low as $103.61, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $89.6 billion and now has 858 million shares outstanding. American Express Company (AXP) stock has gained 5.82 percent of market value in 21 trading days.

Analysts at Atlantic Equities upped their rating on shares of American Express Company (NYSE:AXP) from Neutral to Overweight in their opinion released on January 29. BofA/Merrill analysts have downgraded their rating of AXP stock from Buy to Neutral in a separate flash note to investors on December 19. Analysts at Buckingham Research downgraded the stock to a Neutral call from its previous Buy stance, in a research note that dated back to November 29.

AXP stock has a trailing 3-year beta of 1.12, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $7.33 a share in the trailing twelve months. The stock’s value has surged 9.52 percent year to date (YTD) against a rise of 10.84 percent in 12 month’s time. The company’s shares still trade -8.87 percent away from its 1-year high of $114.55 and 19.25 percent up from 52-week low of $87.54. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of American Express Company (AXP) are trading at a P/E ratio of 14.33 times earnings reported for the past 12 months. The industry AXP operates in has an average P/E of 26.84. Its P/E ratio went as low as 13.02X and as high as 16.75 over the 5-year span. Further, it is sporting a 2.15 on the Price-to-Sales ratio. Compare this with the industry average P/S of 3.71. 69.3 percent is the gross profit margin for American Express Company and operating margin sits at 18.7 percent. Along with this, the net profit margin is 7.9 percent.