American Eagle Outfitters (NYSE:AEO) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded American Eagle Outfitters (NYSE:AEO) to Sell in a statement released on 11/29/2016.
On 3/3/2016, RBC Capital Markets released a statement on American Eagle Outfitters (NYSE:AEO) dropped the target price from $20.00 to $18.00 that suggested an upside of 0.22%.
Having a price of $18.66, American Eagle Outfitters (NYSE:AEO) traded 2.77% higher on the day. With the last close up 10.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. American Eagle Outfitters has recorded a 50-day average of $17.46 and a two hundred day average of $17.15. Volume of trade was up over the average, with 12,038,364 shares of AEO changing hands over the typical 4,448,420
With a total market value of $0, American Eagle Outfitters has 52 week low of $12.78 and a 52 week high of $19.55 with a P/E ratio of 15.04 .
In addition to Zacks Investment Research reporting its target price, a total of 27 firms have reported on the stock. The consensus target price is $17.78 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis About American Eagle Outfitters (NYSE:AEO)
American Eagle Outfitters, Inc. (AEO Inc.) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct. It offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc. operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom. It also has license agreements with third parties to operate American Eagle Outfitters and Aerie stores throughout Asia, Europe, Latin America and the Middle East. It operates over 950 American Eagle Outfitters stores and approximately 100 Aerie stand-alone stores. The Company has store base in approximately 140 locations in over 20 countries.
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