Stocks of American Express Co. (NYSE:AXP) traded higher last session on Wall Street, up 0.07% to $239.12.
AXP stock price is now 8.35% away from the 50-day moving average and 32.12% away from the 200-day moving average. The market capitalization of the company currently stands at $172.00B.
With the price target enhanced from $220 to $221, Barclays Downgraded its rating from Overweight to Equal Weight for American Express Co. (NYSE: AXP). On April 05, 2024, Monness Crespi & Hardt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $245, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Marquez Rafael, President, International Card sold 7,900 shares of the company’s stock on Feb 29 ’24. The stock was sold for $1,730,732 at an average price of $219.08. Upon completion of the transaction, the President, International Card now directly owns 13,524 shares in the company, valued at $3.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’24, Grp. Pres., GMNS Joabar Raymond sold 8,625 shares of the business’s stock. A total of $1,837,470 was realized by selling the stock at an average price of $213.04. This leaves the insider owning 12,687 shares of the company worth $3.03 million. A total of 0.13% of the company’s stock is owned by insiders.
During the past 12 months, American Express Co. has had a low of $140.91 and a high of $239.42.
According to the Credit Services Company, earnings per share came in at 2.89, beating analysts’ expectations of 2.81 by 0.08. This compares to $2.40 EPS in the same period last year. The net profit margin was 12.77% and return on equity was 32.61% for AXP. The company reported revenue of $5.78 billion for the quarter, compared to $4.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.77 percent. For the current quarter, analysts expect AXP to generate $16.6B in revenue.
