B. Riley analysts recently upgraded American Eagle Outfitters, Inc. (NYSE: AEO) target price from an earlier $20.00 to $23.00, as per their report on the company issued this Tuesday, December 22.
The clothing retailer company was also marked with a revised “buy” rating by the brokerage. The new PT (price target) issued by B. Riley suggests a 18.62% upside since American Eagle Outfitters’s previous close.
AEO stocks traded at $19.39 this Tuesday. The company’ current market capitalization stands at $3.22 billion. It has a negative PE ratio of 15.27 along with a beta of 1.40 at the moment. The current ratio stands at 1.69, quick ratio at 1.06 and the debt-to-equity ratio at 0.30. The 12-monthly high to low ranges from $20.03 to $6.53. The 50SMA (Simple Moving Average) stands at $17.42 and its 200SMA stands at $13.71.
American Eagle Outfitters, Inc. (NYSE: AEO) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 23rd of November. The earnings stood at $0.35 EPS for that quarter as opposed to the general consensus on the estimated earnings at $0.34.
The company’s return on equity also stands at -1.82% along with the net margin of -5.50%. During the corresponding quarter previous year, the firm’s EPS was $0.48. According to analyst’s reports, the company is likely to announce its FY2020 (Full Year 2020) EPS to be -0.17.
NYSE: AEO has recently been the subject of a lot of reports by equities analysts. Some such as Citigroup, Royal Bank of Canada, Raymond James, Barclays and so on have posted reports on this firm over the last few months.
The recent consensus rating of American Eagle Outfitters, Inc. (NYSE: AEO) stands at “Buy” and the consensus on the target price is $17.00. Several hedge funds have also been involved in buying and selling of this company’s shares recently.