How to Buy American Express Co Stock
American Express Co
American Express Co is a credit service company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker AXP on the NYSE exchange.
American Express Co stock last closed at $245.42, up 3.57% from the previous day, and has increased 61.05% in one year. It has overperformed other stocks in the Credit Services industry by 0.48 percentage points. American Express Co stock is currently +74.17% from its 52-week low of $140.91, and -6.24% from its 52-week high of $261.75.
There are currently 710.91M AXP shares outstanding. The market value of AXP is $174.47B. In the last 24 hours, 3.53M AXP shares were traded.
How to Buy American Express Co Stock
Not sure how to invest in American Express Co stock? Here's how.
- Figure out where to buy American Express Co stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy American Express Co stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your payment method and add your info.
- Analyze American Express Co stock: The American Express Co ticker symbol is AXP. Is American Express Co stock a good investment? Should you buy shares of AXP? How do AXP's underlying business fundamentals look? Do top analysts think American Express Co is a good buy? Why has AXP's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if AXP is a good stock to buy).
- Place your AXP purchase: Decide if you will purchase AXP shares at the current market price or use a limit order to purchase AXP shares at a given price.
- Watch your AXP position: Create a watchlist to keep tabs on your new investment in American Express Co shares.
Step 1: Figure out where to buy American Express Co stock
You need an online brokerage account to access the NYSE market and buy AXP shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal info so you can buy AXP today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new trading account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on investing apps, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring money into your investment account.
Step 4: Analyze American Express Co stock
After you have chosen the best place to buy American Express Co stock, it's absolutely critical to research their stock before you invest, so you actually wrap your head around the risk as well as the upside.
American Express Co Metrics
AXP Due Diligence Checks
WallStreetZen was designed to help average investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on AXP's stock page.
What is the fair value of AXP stock?
Analysts use many financial metrics, analyses, models, and charts to gauge AXP's intrinsic value.
Using relative valuations metrics:
- AXP may be undervalued based on its P/E ratio of 18.27x, relative to Credit Services industry P/E ratio of 27.31x
- AXP may be overvalued based on its P/B ratio of 5.91x, relative to Credit Services industry P/B ratio of 4.95x
- AXP could be overvalued based on its PEG ratio of 3.68x
You can access more valuation analysis on AXP's stock here.
AXP Financials at a glance
Positive Financial Indicators:
- AXP profit margin has gone up from 14% to 16.9% in the past year.
- AXP earnings of $12.55B is not sufficient to cover its interest payments.
- AXP's operating cash flow of $25.10B allows it to safely service it's debt of $53.16B.
Negative Financial Indicators:
- AXP has a relatively high debt to equity ratio of 8.22.
- Total AXP debt is higher than 5 years ago, relative to shareholder equity.
Is AXP stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 17 sell side analysts who research AXP, the consensus analyst rating on AXP is a Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest AXP Analyst Ratings
Terry Ma, a bottom 11% analyst from Barclays maintains AXP with a hold rating and raises their AXP price target from $221.00 to $223.00, on Jul 9, 2024.
Donald Fandetti, a top 9% analyst from Wells Fargo maintains AXP with a strong buy rating and raises their AXP price target from $275.00 to $285.00, on Jul 9, 2024.
Richard Shane, a top 13% analyst from JP Morgan maintains AXP with a strong buy rating and raises their AXP price target from $240.00 to $268.00, on Jul 8, 2024.
Sanjay Sakhrani, a top 24% analyst from Keefe, Bruyette & Woods maintains AXP with a buy rating and raises their AXP price target from $265.00 to $280.00, on Jul 8, 2024.
Keith Horowitz, a top 6% analyst from Citigroup initiates coverage on AXP with a hold rating and announces their AXP price target of $250.00, on Jun 10, 2024.
You can dive deeper into what analysts are forecasting on the American Express Co stock forecast page.
AXP Technical Indicators
How is AXP performing as a company?
Last year, AXP earnings were $9.84B. During the last 5 year, AXP's earnings have increased by 10.64% per year. This was slower than the Credit Services industry average of 11.35%.
Last year, AXP revenue was $58.11B. During the past 5 year, AXP's revenue has grown by 8.65% per year. This was slower than the Credit Services industry average of 9.93%.
Learn more about AXP's earnings and revenue performance here.
Who is buying/selling AXP?
In the last year, executives and large shareholders at AXP have sold more shares than they have bought.
Denise Pickett, Pres. GSG and TLS of AXP, was the latest AXP insider to sell. They sold $666,213.31 worth of AXP shares on May 22, 2024.
Research more about who owns AXP stock here.
Does AXP stock generate passive income?
American Express Co pays a dividend of 1.06%, compared to the Credit Services industry's average dividend yield of 4.58%. If you owned $1,000 of AXP stock, you would have been paid $10.59 last year.
American Express Co dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about American Express Co dividend yield and history here.
Get opinions from other traders
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your AXP purchase
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional info about buying stocks on eToro, click the helpful video below:
Step 6: Watch your AXP position
Now that you own some AXP stock, you'll want to keep up with your new stock purchase.
Create a watchlist to track the latest developments regarding your AXP stock.
AXP Feed
How to Buy Stock in American Express Co
To reiterate, here are the 6 steps to buy American Express Co stock:
- Figure out where to buy American Express Co stock
- Create your brokerage account
- Deposit funds into your investment account
- Analyze American Express Co stock
- Place your AXP purchase
- Watch your AXP position
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your new investment in American Express Co, create a watchlist today.
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