American Express (NYSE:AXP) hit a new 52-week high Thursday as it is currently trading at $62.14, above its previous 52-week high of $61.97 with 11.5 million shares traded as of 3:59 p.m. ET. Average volume has been 5.5 million shares over the past 30 days.
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 Thursday as it is currently trading at $62.14, above its previous 52-week high of $61.97 with 11.5 million shares traded as of 3:59 p.m. ET. Average volume has been 5.5 million shares over the past 30 days. American Express has a market cap of $67.88 billion and is part of the financial sector and financial services industry. Shares are up 5.5% year to date as of the close of trading on Wednesday. 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 13.8, 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 revenue growth, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Express Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.