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American Eagle Outfitters (NYSE:AEO) was upgraded by Jefferies Group from a “hold” rating to a “buy” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

American Eagle Outfitters (NYSE:AEO) opened at 14.40 on Thursday. American Eagle Outfitters has a 52 week low of $13.14 and a 52 week high of $22.63. The stock has a 50-day moving average of $15.25 and a 200-day moving average of $15.98. The company has a market cap of $2.776 billion and a P/E ratio of 17.18.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Friday, December 6th. The company reported $0.19 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.19. The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $844.76 million. During the same quarter last year, the company posted $0.41 earnings per share. American Eagle Outfitters’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters will post $0.76 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of American Eagle Outfitters from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. They now have a $15.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of American Eagle Outfitters from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 16th. Finally, analysts at B. Riley upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 9th. They now have a $20.00 price target on the stock, up previously from $15.00. Sixteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $17.88.

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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