Last Updated: 19 Sep 2024
Executive Summary
American Express Company (AXP) is a leading global financial services provider with a market capitalization of $186.39 billion. The company has a strong financial position with a profit margin of 16.9% and a return on assets of 3.8%. AXP has a trailing price-to-earnings ratio of 19.57 and a forward price-to-earnings ratio of 17.64. The company's stock price is currently trading at $262.18, which is within its 52-week range of $139.61 to $267.22.
Company Overview
American Express Company was founded in 1850 and is headquartered in New York City. The company provides a range of financial services, including credit cards, charge cards, travel-related services, and insurance. AXP has a global presence with operations in over 180 countries and territories.
Fundamental Analysis
AXP has a strong financial position with a profit margin of 16.9% and a return on assets of 3.8%. The company's revenue has grown by an average of 8.7% over the past five years. AXP has a strong balance sheet with $287.76 billion in gross profit and $581.07 billion in revenue over the past twelve months.
Technical Analysis
AXP's stock price is currently trading at $262.18, which is within its 52-week range of $139.61 to $267.22. The stock price has been trending higher in recent months and is currently above its 50-day and 200-day moving averages. The relative strength index (RSI) is currently at 62.37, which indicates that the stock is overbought.
Short Term Outlook
The technical analysis suggests that AXP's stock price is likely to continue to trend higher in the short term. The stock price is above its 50-day and 200-day moving averages and the RSI is above 50. However, the stock is overbought and could be due for a pullback.
Long Term Outlook
The fundamental analysis suggests that AXP is a strong company with a long history of growth. The company has a strong financial position and a track record of innovation. AXP is well-positioned to continue to grow in the future.
Analyst Recommendations
The majority of analysts have a buy rating on AXP. The average analyst target price is $254.22, which represents a potential upside of 3.0% from the current stock price.
