UBS AG Sets Express Price Target at $25.00 (EXPR)
Equities researchers at UBS AG (NYSE: UBS) cut their target price on shares of Express (NASDAQ: EXPR) from $29.00 to $25.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock.
Shares of Express traded up 2.41% during mid-day trading on Wednesday, hitting $18.29. Express has a one year low of $16.12 and a one year high of $26.27. The company has a market cap of $1.625 billion and a P/E ratio of 10.76.
Express last issued its quarterly earnings data on Tuesday, May 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.02. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Analysts expect that Express will post $0.37 EPS next quarter.
A number of other firms have also recently commented on EXPR. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Express to $25.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) reiterated an “overweight” rating on shares of Express in a research note to investors on Wednesday. They now have a $20.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Express to $27.00 in a research note to investors on Friday, March 9th. They now have an “overweight” rating on the stock.
Express, Inc. (Express) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.