American Eagle Upgraded to Buy at S&P Equity Research (AEO)
American Eagle traded up 0.69% on Thursday, hitting $20.41. American Eagle has a 1-year low of $15.64 and a 1-year high of $23.94. The stock’s 50-day moving average is currently $20.61. The company has a market cap of $4.042 billion and a price-to-earnings ratio of 21.20.
American Eagle last released its earnings data on Wednesday, March 6th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $0.35 earnings per share. American Eagle’s revenue was up 8.6% compared to the same quarter last year. American Eagle has set its Q1 guidance at $0.16-0.19 EPS. Analysts expect that American Eagle will post $1.53 EPS for the current fiscal year.
AEO has been the subject of a number of other recent research reports. Analysts at Goldman Sachs raised their price target on shares of American Eagle to $25.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of American Eagle to $23.00 in a research note to investors on Thursday. Finally, analysts at Bank of America cut their price target on shares of American Eagle from $24.00 to $23.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock.
Thirteen equities research analysts have rated the stock with a buy rating, and eleven have issued a hold rating to the stock. American Eagle currently has an average rating of “overweight” and a consensus target price of $24.64.
American Eagle Outfitters, Inc. (AEO, Inc) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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