Price Over Earnings Overview: American Express
Portfolio Pulse from Benzinga Insights
American Express Inc.'s (NYSE:AXP) share price is currently at $151.49, after a 1.79% increase. Over the past month, the stock fell by 4.42%, but it spiked by 11.21% in the past year. The company's P/E ratio of 15.12 is lower than the Consumer Finance industry average of 29.27, which could indicate that the stock is undervalued or that shareholders do not expect it to perform better in the future.
October 10, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
American Express Inc.'s P/E ratio is lower than the industry average, which could indicate that the stock is undervalued or that shareholders do not expect it to perform better in the future.
The P/E ratio is a key indicator of a stock's value. A lower P/E ratio could mean that the stock is undervalued, which could lead to a price increase if the market corrects the undervaluation. However, it could also mean that investors do not expect the company to perform well in the future, which could lead to a price decrease. Given these conflicting interpretations, the short-term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100