Forecast Of The Day: American Express Commercial Card Transaction Volumes
What?
American Express (NYSE:AXP) Commercial Card Transaction Volumes declined from around $513 billion in 2019 to $407 billion in 2020. Trefis expects the metric to recover to around $470 billion in 2021 and to about $540 billion in 2022.
Why?
- American Express Stock Is Up 33% YTD, What To Expect From Q2 Earnings?
- American Express Stock Is Up 23% YTD, What To Expect?
- American Express Stock Is Up 17% YTD, What To Expect From Q1?
- Up 21% YTD, Where Is American Express Stock Headed?
- Up 25% YTD, What To Expect From American Express Stock?
- American Express Stock To Beat The Expectations In Q3
While volumes plummeted in 2020 due to the Covid-19 lockdowns and travel restrictions, we expect them to see a recovery over 2021 and 2022 as the global economy continues to open up.
So What?
We think AXP stock is slightly undervalued at current levels. We value AXP at about $192 per share, about 12% ahead of the current market price.
See Our Complete Analysis For American Express
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.