Express Price Target Increased to $27.00 by Analysts at FBR Capital Markets (EXPR)
Stock analysts at FBR Capital Markets increased their price objective on shares of Express (NASDAQ:EXPR) from $24.00 to $27.00 in a report issued on Tuesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target indicates a potential upside of 43.62% from the company’s current price.
A number of other firms have also recently commented on EXPR. Analysts at Zacks downgraded shares of Express from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 16th. They now have a $17.30 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Express in a research note to investors on Thursday, December 5th. They now have a $24.00 price target on the stock, down previously from $26.00. Finally, analysts at Mizuho initiated coverage on shares of Express in a research note to investors on Friday, November 15th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $22.91.
Shares of Express (NASDAQ:EXPR) traded down 0.79% on Tuesday, hitting $18.80. The stock had a trading volume of 1,556,920 shares. Express has a 52 week low of $13.70 and a 52 week high of $25.05. The stock’s 50-day moving average is $20.36 and its 200-day moving average is $21.89. The company has a market cap of $1.578 billion and a P/E ratio of 12.15.
Express (NASDAQ:EXPR) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.02. The company had revenue of $503.00 million for the quarter, compared to the consensus estimate of $499.67 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Express will post $1.50 earnings per share for the current fiscal year.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.