CRT Capital Reaffirms Fairly Valued Rating for American Eagle Outfitters (AEO)
American Eagle Outfitters (NYSE:AEO)‘s stock had its “fairly valued” rating reiterated by equities research analysts at CRT Capital in a research note issued to investors on Thursday. They currently have a $13.00 target price on the stock, up from their previous target price of $11.00. CRT Capital’s price target would suggest a potential upside of 0.15% from the company’s current price.
American Eagle Outfitters (NYSE:AEO) traded up 2.62% during mid-day trading on Thursday, hitting $13.32. The stock had a trading volume of 5,341,937 shares. American Eagle Outfitters has a 52-week low of $10.12 and a 52-week 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 $2.590 billion and a price-to-earnings ratio of 42.56. American Eagle Outfitters also was the recipient of some unusual options trading activity on Monday. Traders acquired 46,526 call options on the stock. This represents an increase of approximately 1,566% compared to the typical volume of 2,793 call options.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data 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. On average, analysts predict that American Eagle Outfitters will post $0.56 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday. They now have a $13.00 price target on the stock, up previously from $11.00. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $14.16.
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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