Express Price Target Cut to $16.00 by Analysts at Brean Capital (EXPR)
Equities research analysts at Brean Capital decreased their target price on shares of Express (NASDAQ:EXPR) from $18.00 to $16.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Brean Capital’s price target would suggest a potential upside of 17.39% from the stock’s previous close.
Shares of Express (NASDAQ:EXPR) opened at 13.63 on Friday. Express has a 1-year low of $13.46 and a 1-year high of $25.05. The stock has a 50-day moving average of $14.44 and a 200-day moving average of $17.64. The company has a market cap of $1.143 billion and a price-to-earnings ratio of 9.89.
Express (NASDAQ:EXPR) last released its earnings data on Thursday, May 29th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.08. The company had revenue of $460.70 million for the quarter, compared to the consensus estimate of $464.06 million. During the same quarter last year, the company posted $0.38 earnings per share. Express’s revenue was down 9.6% compared to the same quarter last year. On average, analysts predict that Express will post $1.14 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets cut their price target on shares of Express from $16.00 to $13.00 in a research note on Friday. They now have a “market perform” rating on the stock. Separately, analysts at Zacks upgraded shares of Express from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $15.00 price target on the stock. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $19.36.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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