American Express Company : Towards the breakout of a major resistance level
Entry price | Target | Stop-loss | Potential |
---|
US$177.73 |
US$200 |
US$164 |
+12.53% |
---|
Shares in American Express Company are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Summary● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
● The group's high margin levels account for strong profits.
● Sales forecast by analysts have been recently revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Weaknesses● The company appears highly valued given the size of its balance sheet.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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