Express Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:EXPR)
Shares of Express (NASDAQ:EXPR) have been given a consensus rating of “Buy” by the twenty ratings firms that are presently covering the company, American Banking and Market News reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.45.
A number of research firms have recently commented on EXPR. Analysts at Janney Montgomery Scott upgraded shares of Express from a “neutral” rating to a “buy” rating in a research note on Monday, June 23rd. They now have a $22.33 price target on the stock. Separately, analysts at Zacks downgraded shares of Express from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 17th. They now have a $15.60 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Express from $16.00 to $20.00 in a research note on Tuesday, June 17th.
Shares of Express (NASDAQ:EXPR) opened at 16.71 on Monday. Express has a one year low of $11.80 and a one year high of $25.05. The stock’s 50-day moving average is $14.77 and its 200-day moving average is $16.44. The company has a market cap of $1.404 billion and a price-to-earnings ratio of 15.97.
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 $0.83 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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