American Express Co (NYSE: AXP). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Notable positive changes in American Express Co (NYSE: AXP) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
AXP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
American Express has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. American Express has a neutral Appreciation Score of 51 but a very high Power Rating of 92, leading to the Highest Value Trend Rating.
Recent Price Action
American Express Co (NYSE: AXP) stock enjoyed a large increase of 2.3% on 7/15/24. The stock closed at $244.00. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.6% during the last week.
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