AXP stock: buy or sell?
October 18th, 2019
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide.
Should I buy AXP stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, American Express stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is American Express stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 15 ratings published for AXP stock in the last 30 days. The general sentiment of these ratings is bullish for AXP stock, with 7 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-22||Royal Bank of Canada||Neutral||Sector Perform|
|2019-7-22||JPMorgan Chase & Co.||n/a||Neutral|
|2019-7-22||BMO Capital Markets||n/a||Market Perform|
|2019-7-10||Wells Fargo & Co||n/a||Outperform|
|2019-6-19||Bank of America||n/a||Buy|
|2019-6-18||Wells Fargo & Co||n/a||Outperform|
|2019-6-18||Jefferies Financial Group||n/a||Hold|
|2019-5-3||Royal Bank of Canada||Sector Perform||Sector Perform|
|2019-5-3||Morgan Stanley||Equal Weight||Overweight|
|2019-4-25||Morgan Stanley||Equal Weight||Overweight|
|2019-4-22||Morgan Stanley||Equal Weight||Equal Weight|
AXP stock analysis
American Express ended on Oct/18 at $116.76 and dropped a tragic -1.96%.
American Express shares dropped -1.96% to $116.76 on October 18th. Since October 10th when AXP stock price broke up the SMA200d line, it gained $2.84 (2.49%). On July, AXP hit new all time highs, pushing higher previous ATH of $128.19 recorded on July. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Amex shares stayed stable 0.31% this week, ending at $116.76.
Last week AXP price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Not so far away is the last all-time high Amex marked by mid July.
AXP stock price history
AXP stock historical price chart
AXP stock reached all-time highs on July with a price of $128.85.
AXP stock price target is $129.60Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' AXP stock price predictions in the hope that they will be met as they may be wrong and not met. We found 9 price forecasts for AXP stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-22||Royal Bank of Canada||Raises Target||n/a||$125.00||-|
|2019-7-22||JPMorgan Chase & Co.||Lowers Target||$135.00||$132.00||-2.2%|
|2019-7-22||BMO Capital Markets||Raises Target||n/a||$119.00||-|
|2019-7-10||Wells Fargo & Co||Reiterates||$135.00||$140.00||3.7%|
|2019-6-18||Wells Fargo & Co||Reiterates||$125.00||$135.00||8%|
|2019-6-18||Jefferies Financial Group||Raises Target||$105.00||$130.00||23.8%|
|2019-5-3||Royal Bank of Canada||Reiterates||n/a||$120.00||-|
|2019-4-22||Morgan Stanley||Raises Target||$113.00||$123.00||8.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when American Express presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a great growth of 7.71% to $28,865.00 million USD. Aligned with this, its earnings margin (compared to revenues) boosted to 23.98%, that is $6,921.00 million. To have an updated view of the financial situation of American Express, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual American Express TTM sales up to March 2019 were $29,266.00 and income was $6,837.00 million USD. If we compare this TTM figures with the last reported annuality, we can esteem American Express business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, raised a tiny 1.39%. In the same way, profit margin (net income/revenues) remained constant at 23.98%.
|2013||$35,280 M||-||$5,310 M15.1%||-|
|2014||$34,292 M||-2.80%||$5,885 M17.2%||10.83%|
|2015||$24,804 M||-27.67%||$5,163 M20.8%||-12.27%|
|2016||$25,411 M||2.45%||$5,408 M21.3%||4.75%|
|2017||$26,799 M||5.46%||$2,748 M10.3%||-49.19%|
|2018||$28,865 M||7.71%||$6,921 M24.0%||151.86%|
|TTM||$29,266 M||1.39%||$6,837 M23.4%||-1.21%|
Quarterly financial resultsAmerican Express reported $7,363.00 M in revenues for 2019-Q1, a -1.34% decline compared to previous quarter. Reported quarter income marked $1,550.00 M with a profit margin of 21.05%. Profit margin slipped a -5.88% compared to previous quarter when profit margin was 26.93%. When comparing turnover to same quarter last year, American Express sales marked a beatiful increase and escalated a 5.76%.
|2017-Q2||$8,870 M||-||$1,330 M15.0%||-|
|2017-Q3||$9,010 M||1.58%||$1,350 M15.0%||1.50%|
|2017-Q4||$4,687 M||-47.98%||$-1,218 M-26.0%||-190.22%|
|2018-Q1||$6,962 M||48.54%||$1,634 M23.5%||-234.15%|
|2018-Q2||$7,153 M||2.74%||$1,623 M22.7%||-0.67%|
|2018-Q3||$7,287 M||1.87%||$1,654 M22.7%||1.91%|
|2018-Q4||$7,463 M||2.42%||$2,010 M26.9%||21.52%|
|2019-Q1||$7,363 M||-1.34%||$1,550 M21.1%||-22.89%|
American Express ownershipWhen you are planning to invest in a stock, it's always worth to review its ownership structure.
American Express shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.29% of all shares.
Bearish positions for AXP stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to American Express:
|Market cap||$96.9 B||$282.6 B||$157.6 B||$42.2 B||$25.1 B|
|Total shares||829.7 M||9,310.0 M||2,260.0 M||470.3 M||318.2 M|
|Float shares||675.5 M||8,330.0 M||2,250.0 M||466.4 M||316.4 M|
|- Institutional holdings (%)||86.3%||70.4%||80.0%||90.8%||0.0%|
|- Insider holdings (%)||0.3%||0.1%||0.2%||0.8%||16.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$116.67 - $119.98|
|Average true range||$2.07|
|50d mov avg||$118.41|
|100d mov avg||$120.84|
|200d mov avg||$114.68|
American Express performanceTo better understand American Express performance you must becnhmark its gains with other related stocks in same sector or industry. We picked Bank of America, Citi, Capital One Financial, , J P Morgan Chase, Mastercard and Visa as the bechmarking frame for American Express stock.
|BACBank of America||3.90%||2.29%||9.61%|
|COFCapital One Finan...||-0.50%||2.83%||-0.19%|
|JPMJ P Morgan Chase||7.03%||7.86%||15.21%|
American Express competitorsOne check before investing in any stock is to review a list of its competitors, in this case for American Express. We picked 7 companies as American Express competitors as they are in the same industry or have similar market objectives.
- Bank of America (BAC)
- Citi (C)
- Capital One Financial (COF)
- J P Morgan Chase (JPM)
- Mastercard (MA)
- Visa (V)
Latest AXP stock news
- Seeking AlphaAmerican Express: Strong Growth Momentum At A Reasonable PriceJuly 22, 2019
- InvestorPlaceAmerican Express Earnings: AXP Stock Dips Despite Q2 BeatJuly 19, 2019
- InvestorPlaceWhy You Should Buy and Hold American Express StockApril 18, 2019
- Investors.comDow Jones Today Is Led By Travelers, American Express; Software Stocks Weak AgainApril 18, 2019
- InvestorPlaceAXP Earnings Look Key for American Express StockApril 16, 2019