Express Given Consensus Rating of “Buy” by Analysts (NASDAQ:EXPR)
Express (NASDAQ:EXPR) has earned an average recommendation of “Buy” from the sixteen ratings firms that are covering the stock, Analyst Ratings Network reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.69.
Express (NASDAQ:EXPR) traded down 1.94% on Wednesday, hitting $14.15. 271,342 shares of the company’s stock traded hands. Express has a one year low of $11.80 and a one year high of $25.05. The stock has a 50-day moving average of $15.98 and a 200-day moving average of $15.87. The company has a market cap of $1.189 billion and a price-to-earnings ratio of 13.73.
Express (NASDAQ:EXPR) last issued its 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 $0.81 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 Tuesday. They now have a $14.60 price target on the stock. Separately, 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. 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.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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