For its third fiscal quarter (ending September 30), American Express Co (NYSE: AXP) has reported E.P.S. of $3.50 compared to $3.30 a year ago. For the latest four quarters through September 30, E.P.S. were $13.62 compared to $10.68 a year ago.
Recent Price Action
American Express Co (NYSE: AXP) stock declined by -3.1% on 10/18/24. The shares closed at $276.79. Moreover, this decline was accompanied by exceptionally high trading volume at 301% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.3% during the last week.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. American Express has a neutral Appreciation Score of 47 but a very high Power Rating of 85, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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