Telsey Advisory Group Lowers American Eagle Outfitters Price Target to $15.00 (AEO)
Stock analysts at Telsey Advisory Group cut their price target on shares of American Eagle Outfitters (NYSE:AEO) from $16.50 to $15.00 in a report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 4.82% from the company’s current price.
Shares of American Eagle Outfitters (NYSE:AEO) opened at 13.095 on Thursday. American Eagle Outfitters has a one year low of $13.14 and a one year high of $22.63. The stock has a 50-day moving average of $14.72 and a 200-day moving average of $15.63. The company has a market cap of $2.525 billion and a P/E ratio of 16.88.
American Eagle Outfitters (NYSE:AEO) last released its earnings data on Friday, December 6th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters 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 in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Analysts expect that American Eagle Outfitters will post $0.73 EPS for the current fiscal year.
AEO has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $18.00 price target on the stock, up previously from $14.31. Separately, analysts at Johnson Rice initiated coverage on shares of American Eagle Outfitters in a research note to investors on Monday. They set an “overweight” rating 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, January 17th. They now have a $13.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.16.
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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