American Express Reaches New 52-Week High (AXP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- American Express (NYSE: AXP) hit a new 52-week high Friday as it is currently trading at $61.62, above its previous 52-week high of $61.42 with 2.1 million shares traded as of 10:05 a.m. ET. Average volume has been 5.4 million shares over the past 30 days.

American Express has a market cap of $67.43 billion and is part of the financial sector and financial services industry. Shares are up 4.8% year to date as of the close of trading on Thursday.

American Express Company provides charge and credit payment card products and travel-related services to customers worldwide. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, increase in net income, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full American Express Ratings Report.

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