UBS AG Reiterates Neutral on American Eagle (AEO)

By admin | 6 years ago

American Eagle (NYSE: AEO)‘s stock had its “neutral” rating reaffirmed by research analysts at UBS AG (NYSE: UBS) in a report released on Thursday. They currently have a $21.00 target price on the stock.

Shares of American Eagle traded down 1.24% during mid-day trading on Thursday, hitting $19.90. American Eagle has a 52 week low of $10.00 and a 52 week high of $21.13. The company has a market cap of $3.871 billion and a P/E ratio of 26.17.

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.

AEO has been the subject of a number of other recent research reports. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of American Eagle in a research note to investors on Wednesday. Separately, 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. Finally, 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.

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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