AXP stock price:$116.76-1.96%At close on October 18th, 2019
Updated on: October 18th, 2019
4
American Express closed on Oct/18 at $116.76 and dropped a tragic -1.96%.
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.
Buy setup
Elegible
New all-time high
No
New 52 week high
No
Price crossing up 200d MA
No
100d MA crossing up 200d MA
No
This doesn't mean AXP will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.
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.
Is AXP a good stock to buy?
Date
Analyst / Broker
Previous rating
Current rating
2019-7-8
Deutsche Bank
n/a
Buy
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
William Blair
n/a
Outperform
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
2019-4-29
UBS Group
Buy
Neutral
2019-4-25
Morgan Stanley
Equal Weight
Overweight
2019-4-22
Morgan Stanley
Equal Weight
Equal Weight
2019-3-21
DZ Bank
Buy
Hold
AXP stock analysis
Daily outlook
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.
AXP stock chart (daily)
Weekly outlook
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 chart (weekly)
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 $129.60
Nobody 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:
AXP stock price predictions
Date
Analyst / Broker
Action
Previous target
Current target
Diff
2019-7-8
Deutsche Bank
Initiates
n/a
$142.00
-
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%
(in average)
$122.60
$129.60
6.0%
Moving in a range from $142.00 and $119.00, the price prediction for AXP stock is $129.60. In average, analysts' outlook on AXP price target is positive, increasing the prediction by a 6.00% from previous estimations.
Financials and fundamental analysis
Earnings date and Earnings per Share
Since April, when American Express presented its last earnings report, it .Unfortunately, reported EPS is not yet available in our database.
AXP earnings date and EPS evolution
Quarter
Reporting date
Estimated EPS
Actual EPS
Surprise
2017-Q2
-
n/a
1.47
n/a
2017-Q3
2017-10-18
1.48
1.5
1.4%
2017-Q4
2018-01-18
1.54
1.58
2.6%
2018-Q1
2018-04-18
1.71
1.86
8.8%
2018-Q2
2018-07-18
1.83
1.84
0.5%
2018-Q3
2018-10-18
1.78
1.88
5.6%
2018-Q4
2019-01-17
1.8
1.74
-3.3%
2019-Q1
2019-04-16
2
n/a
n/a
2019-Q2
-
n/a
n/a
n/a
2019-Q3
-
n/a
n/a
n/a
Annual financial results
Compared 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%.
AXP annual Sales and Income evolution
Year
Sales
YoY
Income/(margin)
YoY
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 results
American 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%.
AXP quarterly Sales and Income evolution
Quarter
Sales1
QoQ2
Income1/(margin)
QoQ2
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 ownership
When 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:
AXP
BAC
C
COF
DFS
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%
AXP summary
Friday, October 18th, 2019
Open
$119.73
Close
$116.76
Day range
$116.67 - $119.98
Previous close
$119.10
Session gain
-1.96%
Average true range
$2.07
50d mov avg
$118.41
100d mov avg
$120.84
200d mov avg
$114.68
Daily pattern
Weekly pattern
American Express performance
To 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.
Stock
3m
6m
12m
AXPAmerican Express
-6.10%
3.44%
11.00%
BACBank of America
3.90%
2.29%
9.61%
CCiti
-0.92%
1.50%
4.14%
COFCapital One Finan...
-0.50%
2.83%
-0.19%
DFS
-2.89%
3.42%
6.13%
JPMJ P Morgan Chase
7.03%
7.86%
15.21%
MAMastercard
-1.69%
12.62%
34.02%
VVisa
-1.83%
10.04%
26.26%
American Express competitors
One 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.