American Express Co (NYSE: AXP) has reported E.P.S. of $3.34 for its first fiscal quarter (ending March 31) versus $2.41 for the same period a year ago. E.P.S. were $12.16 for the latest four quarters through March 31 versus $9.53 for the same period a year ago.
Recent Price Action
American Express Co (NYSE: AXP) stock closed at $231.04 on 4/19/24 after a very large increase of 6.2%. Moreover, trading volume in this advance was exceptionally high at 266% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
AXP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
American Express has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. American Express has a neutral Appreciation Score of 49 but a very high Power Rating of 91, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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