American Eagle Outfitters Price Target Lowered to $14.00 at JPMorgan Chase & Co. (AEO)
Stock analysts at JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters (NYSE:AEO) from $16.00 to $14.00 in a report issued on Friday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 2.91% from the company’s current price.
A number of other analysts have also recently weighed in on AEO. Analysts at UBS AG cut their price target on shares of American Eagle Outfitters from $15.00 to $13.00 in a research note to investors on Friday, October 11th. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of American Eagle Outfitters in a research note to investors on Wednesday, October 2nd. They set a “market perform” rating and a $15.00 price target on the stock. Finally, analysts at Zacks downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, September 20th. They now have a $14.00 price target on the stock. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the stock. American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $17.13.
American Eagle Outfitters (NYSE:AEO) traded up 1.76% on Friday, hitting $14.42. The stock had a trading volume of 3,481,093 shares. American Eagle Outfitters has a 52-week low of $14.33 and a 52-week high of $23.94. The stock has a 50-day moving average of $16.35 and a 200-day moving average of $18.61. The company has a market cap of $2.779 billion and a price-to-earnings ratio of 12.81.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.10 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.10. The company had revenue of $727.00 million for the quarter, compared to the consensus estimate of $719.25 million. During the same quarter last year, the company posted $0.21 earnings per share. American Eagle Outfitters’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post $0.84 EPS for the current fiscal year.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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