Express Price Target Cut to $23.00 by Analysts at Susquehanna (EXPR)
Research analysts at Susquehanna decreased their target price on shares of Express (NASDAQ:EXPR) from $25.00 to $23.00 in a report released on Tuesday, Analyst Ratings.Net reports. Susquehanna’s price target would suggest a potential upside of 26.72% from the stock’s previous close.
Shares of Express (NASDAQ:EXPR) traded up 1.21% on Tuesday, hitting $18.37. The stock had a trading volume of 2,425,231 shares. Express has a 52-week low of $16.03 and a 52-week high of $25.05. The stock has a 50-day moving average of $19.69 and a 200-day moving average of $21.84. The company has a market cap of $1.542 billion and a price-to-earnings ratio of 11.63.
Express (NASDAQ:EXPR) last announced its earnings results on Wednesday, December 4th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that Express will post $1.47 earnings per share for the current fiscal year.
EXPR has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Express from $24.00 to $27.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. 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 stock. The company currently has an average rating of “Buy” and an average price target of $22.92.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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