Janney Montgomery Scott Reaffirms Buy Rating on American Eagle (AEO)

By admin | 6 years ago

American Eagle (NYSE: AEO)‘s stock had its “buy” rating reiterated by investment analysts at Janney Montgomery Scott in a note issued to investors on Wednesday.

Shares of American Eagle traded down 2.63% during mid-day trading on Wednesday, hitting $20.35. American Eagle has a one year low of $10.00 and a one year high of $21.13. The company has a market cap of $3.959 billion and a P/E ratio of 27.14.

The company last announced its quarterly results on Wednesday, March 7th. It reported $0.35 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.36 EPS by $0.01. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that American Eagle will post $0.10 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus upgraded shares of American Eagle from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. Separately, analysts at Wedbush upgraded shares of American Eagle from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $22.00 price target on the stock, up previously from $14.00. Finally, analysts at Oppenheimer (NYSE: OPY) raised their EPS on shares of American Eagle in a research note to investors on Friday, April 27th. They now have an “outperform” rating and a $24.00 price target on the stock.

American Eagle Outfitters, Inc. is an apparel and accessories retailer that operates more than 1,000 retail stores in the United States and Canada, and online at ae.

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