Express Price Target Lowered to $13.00 at FBR Capital Markets (EXPR)
Analysts at FBR Capital Markets lowered their target price on shares of Express (NASDAQ:EXPR) from $16.00 to $13.00 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective suggests a potential downside of 4.62% from the company’s current price.
EXPR has been the subject of a number of other recent research reports. 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. 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Express presently has a consensus rating of “Buy” and a consensus target price of $19.36.
Express (NASDAQ:EXPR) opened at 13.63 on Friday. Express has a 52 week low of $13.46 and a 52 week 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 P/E ratio of 9.89.
Express (NASDAQ:EXPR) last posted its quarterly earnings results 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. Analysts expect that Express will post $1.14 EPS for the current fiscal year.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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