Express Receives Consensus Rating of “Buy” from Analysts (NASDAQ:EXPR)
Express (NASDAQ:EXPR) has earned an average recommendation of “Buy” from the nineteen ratings firms that are covering the stock, Analyst RN reports. Nine research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.44.
Shares of Express (NASDAQ:EXPR) traded down 0.15% during mid-day trading on Thursday, hitting $13.63. The stock had a trading volume of 400,391 shares. Express has a one year low of $13.63 and a one year high of $25.05. The stock’s 50-day moving average is $14.87 and its 200-day moving average is $17.99. The company has a market cap of $1.143 billion and a P/E ratio of 9.96.
Express (NASDAQ:EXPR) last released its earnings data on Wednesday, March 12th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $715.90 million for the quarter, compared to the consensus estimate of $722.02 million. During the same quarter last year, the company posted $0.75 earnings per share. Express’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Express will post $1.14 EPS for the current fiscal year.
A number of research firms have recently commented on EXPR. Analysts at Zacks upgraded shares of Express from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $15.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Express in a research note on Friday, May 9th. They now have a $17.00 price target on the stock, down previously from $18.00. Finally, analysts at Credit Agricole reiterated a “buy” rating on shares of Express in a research note on Thursday, March 27th. They now have a $20.00 price target on the stock.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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