FBR Capital Markets Boosts Express Price Target to $15.00 (EXPR)
Investment analysts at FBR Capital Markets increased their price target on shares of Express (NASDAQ:EXPR) from $13.00 to $15.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ target price indicates a potential downside of 8.81% from the company’s current price.
Shares of Express (NASDAQ:EXPR) traded up 0.36% on Thursday, hitting $16.51. The stock had a trading volume of 288,052 shares. 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 $15.36 and its 200-day moving average is $15.67. The company has a market cap of $1.387 billion and a price-to-earnings ratio of 15.65.
Express (NASDAQ:EXPR) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $481.40 million for the quarter, compared to the consensus estimate of $457.10 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Express will post $0.83 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho raised their price target on shares of Express from $14.00 to $18.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna raised their price target on shares of Express from $20.00 to $21.00 in a research note on Thursday. Finally, analysts at Stifel Nicolaus reiterated a “hold” rating on shares of Express in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $18.40.
Express, Inc (NASDAQ:EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.
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