Piper Jaffray Sets American Eagle Price Target at $24.00 (AEO)
Investment analysts at Piper Jaffray (NYSE: PJC) raised their target price on shares of American Eagle (NYSE: AEO) to $24.00 in a note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock.
American Eagle traded up 2.14% on Thursday, hitting $20.02. American Eagle has a 1-year low of $10.00 and a 1-year high of $21.13. The company has a market cap of $3.9 million and a price-to-earnings ratio of 25.45.
American Eagle last released its earnings data on Wednesday, May 23rd. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.20. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts expect that American Eagle will post $0.36 EPS next quarter.
A number of other analysts have also recently weighed in on AEO. Analysts at Brean Murray upgraded shares of American Eagle to a “buy” rating in a research note to investors on Monday. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their EPS on shares of American Eagle in a research note to investors on Thursday, May 3rd. They now have a “market perform” rating and a $21.00 price target on the stock.
American Eagle Outfitters, Inc. (AEO, Inc) is a specialty retailer that operates in the United Sates and Canada, and online at ae.