American Express Co (NYSE: AXP) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Significant positive changes in fundamentals have recently occurred for American Express Co (NYSE: AXP): 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 C. We would 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 exceed the cost of capital.
American Express has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. American Express has a neutral Appreciation Score of 52 and a neutral Power Rating of 55, with the Neutral Value Trend Rating the result.
Recent Price Action
On 11/17/23, American Express Co (NYSE: AXP) stock enjoyed a large increase of 2.2%, closing at $162.56. The stock has performed in line with the market over the last nine months and has risen 6.7% during the last week.
Be the first to comment