Express Receives Average Rating of “Buy” from Analysts (NASDAQ:EXPR)
Express (NASDAQ:EXPR) has received an average rating of “Buy” from the sixteen analysts that are currently covering the stock, Analyst Ratings Net reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.69.
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, August 12th. 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 (NASDAQ:EXPR) opened at 13.97 on Wednesday. Express has a 52-week low of $11.80 and a 52-week high of $25.05. The stock’s 50-day moving average is $15.7 and its 200-day moving average is $15.82. The company has a market cap of $1.174 billion and a P/E ratio of 13.47.
Express (NASDAQ:EXPR) last announced its earnings results on Thursday, May 29th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. On average, analysts predict that Express will post $0.81 earnings per share 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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