Shares of American Express (NYSE:AXP) were marginally low 0.46% on Friday midday trading after rallying for the past six trading sessions, where shares climbed overall 7.6% from the bottom of $243.35 to a high of $261.75.
YTD the AXP stock jumped 37.35%, while the S&P 500 was up 19.09% while the Dow Jones Industrial Average climbed 10.20%.
Over the year, the stock jumped 61.48% so far, compared to the nearly 25.11% rise in the broader S&P 500 Index.
AXP was marginally up 2.44% over the past one month. The stock closed 0.46% lower on Friday at $258.65.
Looking at Seeking Alpha’s Quant rating, AXP has a score of 4.94 out of 5. The company received A+ and A- in the prospect of profitability and momentum, respectively, while it got a D in valuation and A- in growth factors.
Turning to the Wall Street community, almost 6 analysts gave AXP a Strong Buy while 6 stood with Buy whereas, 13 of them gave the stock a Hold recommendation, and just 3 were on the short side.
Seeking Alpha analysts also see the stock as a Buy.
Guidance shifted from EPS growth of 13-17% to 19-23%. Should this goal be attained, I believe that there may likely be a P/E multiple expansion in the short term. In addition, American Express has a longer term goal of accelerating its growth.
