Analysts at UBS AG reduced their target price on shares of American Eagle Outfitters (NYSE:AEO) from $22.00 to $18.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price points to a potential downside of 9.86% from the stock’s previous close.
Shares of American Eagle Outfitters (NYSE:AEO) traded down 15.82% during mid-day trading on Tuesday, hitting $16.81. American Eagle Outfitters has a 52 week low of $17.37 and a 52 week high of $23.94. The stock’s 50-day moving average is currently $18.88. The company has a market cap of $3.239 billion and a P/E ratio of 18.09.
American Eagle Outfitters (NYSE:AEO) last released its earnings data on Wednesday, May 22nd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.01. The company had revenue of $679.00 million for the quarter, compared to the consensus estimate of $678.41 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts predict that American Eagle Outfitters will post $1.44 earnings per share for the current fiscal year.
AEO has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of American Eagle Outfitters from $22.00 to $17.00 in a research note to investors on Tuesday. Separately, analysts at Wedbush set a $20.00 price target on shares of American Eagle Outfitters in a research note to investors on Tuesday. Finally, analysts at Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $24.00 to $19.00 in a research note to investors on Tuesday. They now have a “not rated” rating on the stock.
Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $20.08.
American Eagle Outfitters, Inc (NYSE:AEO) is a specialty retailer that operates in the United Sates and Canada, and online at ae.
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