American Eagle Outfitters Rating Reiterated by JPMorgan Chase & Co. (AEO)
American Eagle Outfitters (NYSE:AEO)‘s stock had its “neutral” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a $13.00 target price on the stock, up from their previous target price of $11.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 0.15% from the stock’s previous close.
A number of other analysts have also recently weighed in on AEO. Analysts at Mizuho raised their price target on shares of American Eagle Outfitters from $10.00 to $12.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating in a research note on Thursday. They now have a $15.00 price target on the stock, down previously from $16.00. Finally, analysts at SunTrust upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $14.16.
Shares of American Eagle Outfitters (NYSE:AEO) traded up 2.54% on Thursday, hitting $13.31. 5,377,880 shares of the company’s stock traded hands. American Eagle Outfitters has a 1-year low of $10.12 and a 1-year high of $16.95. The stock’s 50-day moving average is $10.88 and its 200-day moving average is $11.84. The company has a market cap of $2.588 billion and a P/E ratio of 42.56. American Eagle Outfitters also was the recipient of some unusual options trading activity on Monday. Stock traders bought 46,526 call options on the stock. This represents an increase of 1,566% compared to the average daily volume of 2,793 call options.
American Eagle Outfitters (NYSE:AEO) last released its earnings data on Wednesday, August 20th. The company reported $0.03 earnings per share 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 last year, the company posted $0.09 earnings per share. American Eagle Outfitters’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that American Eagle Outfitters will post $0.56 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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