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American Eagle Outfitters (NYSE:AEO) was upgraded by equities research analysts at SunTrust from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday.

AEO has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday. Separately, analysts at Wunderlich initiated coverage on shares of American Eagle Outfitters in a research note on Tuesday, August 12th. They set a “hold” rating and a $11.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of American Eagle Outfitters from $11.49 to $17.00 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $13.88.

American Eagle Outfitters (NYSE:AEO) traded up 11.99% on Wednesday, hitting $12.98. The stock had a trading volume of 31,640,016 shares. American Eagle Outfitters has a 52-week low of $10.12 and a 52-week high of $16.95. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $11.8. The company has a market cap of $2.523 billion and a P/E ratio of 38.00. American Eagle Outfitters also was the recipient of some unusual options trading activity on Monday. Traders bought 46,526 call options on the company. This is an increase of 1,566% compared to the average volume of 2,793 call options.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, August 20th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $711.00 million for the quarter, compared to the consensus estimate of $689.95 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that American Eagle Outfitters will post $0.53 EPS for the current fiscal year.

American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.

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