American Eagle Outfitters Rating Increased to Buy at McLean Capital Management (AEO)
American Eagle Outfitters (NYSE:AEO) was upgraded by research analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a report released on Friday, AR Network reports.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the 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.
A number of other analysts have also recently weighed in on AEO. Analysts at TheStreet downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Thursday. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Thursday, January 23rd. Finally, analysts at Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $16.50 to $15.00 in a research note on Thursday, January 23rd. They now have a “not rated” rating on the stock. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.21.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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.